12,904 iShares Bitcoin Trust ETF $IBIT Shares Sold by Tamar Securities LLC

Tamar Securities LLC lessened its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 73.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,753 shares of the company’s stock after selling 12,904 shares during the period. Tamar Securities LLC’s holdings in iShares Bitcoin Trust ETF were worth $225,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allied Private Wealth LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the 2nd quarter valued at $28,000. William Mack & Associates Inc. purchased a new stake in iShares Bitcoin Trust ETF during the third quarter worth $33,000. Centerpoint Advisors LLC acquired a new stake in iShares Bitcoin Trust ETF during the second quarter valued at $34,000. Commonwealth Retirement Investments LLC acquired a new stake in iShares Bitcoin Trust ETF during the second quarter valued at $35,000. Finally, Horizons Wealth Management purchased a new position in iShares Bitcoin Trust ETF in the third quarter valued at $37,000.

iShares Bitcoin Trust ETF Stock Down 0.3%

IBIT traded down $0.15 on Friday, reaching $42.88. The stock had a trading volume of 42,622,232 shares, compared to its average volume of 51,437,898. The business’s 50-day moving average price is $45.81 and its two-hundred day moving average price is $41.35. iShares Bitcoin Trust ETF has a 12-month low of $32.84 and a 12-month high of $60.36.

About iShares Bitcoin Trust ETF

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.