K.J. Harrison & Partners Inc Lowers Stake in iShares Bitcoin Trust ETF $IBIT

K.J. Harrison & Partners Inc lessened its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 86.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,628 shares of the company’s stock after selling 30,600 shares during the period. K.J. Harrison & Partners Inc’s holdings in iShares Bitcoin Trust ETF were worth $230,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IBIT. Caprock Group LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the third quarter worth about $1,536,000. Kingstone Capital Partners Texas LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 50.6% during the third quarter. Kingstone Capital Partners Texas LLC now owns 64,924 shares of the company’s stock worth $4,220,000 after purchasing an additional 21,815 shares in the last quarter. Investment House LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the third quarter worth about $800,000. Brighton Jones LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter worth about $711,000. Finally, Copperleaf Capital LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 16.9% during the third quarter. Copperleaf Capital LLC now owns 536,552 shares of the company’s stock worth $34,876,000 after purchasing an additional 77,414 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of IBIT opened at $45.40 on Friday. The stock’s 50-day moving average is $40.93 and its two-hundred day moving average is $47.28. iShares Bitcoin Trust ETF has a 12 month low of $35.30 and a 12 month high of $71.82.

iShares Bitcoin Trust ETF Company Profile

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.