LM Advisors LLC Decreases Stock Holdings in iShares Bitcoin Trust ETF $IBIT

LM Advisors LLC lowered its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 91.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,694 shares of the company’s stock after selling 40,377 shares during the period. LM Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $183,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in IBIT. E6 Portfolios LLC purchased a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at about $864,000. Arax Advisory Partners lifted its holdings in shares of iShares Bitcoin Trust ETF by 30.4% in the fourth quarter. Arax Advisory Partners now owns 43,319 shares of the company’s stock valued at $2,146,000 after purchasing an additional 10,089 shares in the last quarter. ArchPoint Investors purchased a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at about $277,000. Avid Wealth Partners LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 23.0% in the fourth quarter. Avid Wealth Partners LLC now owns 38,672 shares of the company’s stock valued at $1,920,000 after purchasing an additional 7,235 shares in the last quarter. Finally, CreativeOne Wealth LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 36.2% in the fourth quarter. CreativeOne Wealth LLC now owns 52,244 shares of the company’s stock valued at $2,594,000 after purchasing an additional 13,889 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Down 0.0%

Shares of NASDAQ IBIT opened at $36.04 on Friday. iShares Bitcoin Trust ETF has a 12-month low of $33.48 and a 12-month high of $71.82. The firm’s 50-day moving average is $41.79 and its two-hundred day moving average is $44.23.

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.