Perigon Wealth Management LLC Lowers Holdings in iShares Bitcoin Trust ETF $IBIT

Perigon Wealth Management LLC decreased its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 36.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,976 shares of the company’s stock after selling 46,834 shares during the period. Perigon Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,762,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in IBIT. Oak Barrel Wealth Advisory LLC bought a new position in iShares Bitcoin Trust ETF in the 2nd quarter worth approximately $616,000. Palatine Hill Wealth Management LLC bought a new position in shares of iShares Bitcoin Trust ETF during the second quarter worth $229,000. Trust Co. of Vermont bought a new position in shares of iShares Bitcoin Trust ETF during the second quarter worth $131,000. Principle Wealth Partners LLC grew its stake in iShares Bitcoin Trust ETF by 12.3% during the second quarter. Principle Wealth Partners LLC now owns 13,903 shares of the company’s stock valued at $463,000 after acquiring an additional 1,523 shares in the last quarter. Finally, Capital Financial Group Inc. Co. ADV grew its stake in iShares Bitcoin Trust ETF by 153.8% during the second quarter. Capital Financial Group Inc. Co. ADV now owns 37,156 shares of the company’s stock valued at $1,237,000 after acquiring an additional 22,516 shares in the last quarter.

iShares Bitcoin Trust ETF Trading Up 2.2%

Shares of NASDAQ IBIT opened at $36.42 on Tuesday. iShares Bitcoin Trust ETF has a 52-week low of $32.84 and a 52-week high of $71.82. The firm’s fifty day moving average is $35.89 and its two-hundred day moving average is $39.27.

iShares Bitcoin Trust ETF 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.