iShares Bitcoin Trust ETF $IBIT Stock Sold by MBL Wealth LLC

MBL Wealth LLC lowered its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 77.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,082 shares of the company’s stock after selling 34,178 shares during the period. MBL Wealth LLC’s holdings in iShares Bitcoin Trust ETF were worth $477,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. NEOS Investment Management LLC increased its position in iShares Bitcoin Trust ETF by 55.4% during the 2nd quarter. NEOS Investment Management LLC now owns 5,424,563 shares of the company’s stock worth $180,584,000 after purchasing an additional 1,933,888 shares during the period. Walleye Capital LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 332.4% in the first quarter. Walleye Capital LLC now owns 4,317,555 shares of the company’s stock valued at $165,880,000 after buying an additional 3,319,115 shares in the last quarter. Pine Ridge Advisers LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 0.7% in the first quarter. Pine Ridge Advisers LLC now owns 2,243,827 shares of the company’s stock valued at $86,208,000 after buying an additional 16,447 shares in the last quarter. SigFig Wealth Management LLC purchased a new stake in shares of iShares Bitcoin Trust ETF in the third quarter valued at approximately $73,942,000. Finally, Wealthfront Advisers LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 20.5% in the second quarter. Wealthfront Advisers LLC now owns 1,760,650 shares of the company’s stock valued at $58,612,000 after buying an additional 300,119 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Down 0.2%

Shares of IBIT stock opened at $45.96 on Friday. The business’s fifty day moving average price is $45.33 and its 200 day moving average price is $41.23. iShares Bitcoin Trust ETF has a 1-year low of $32.84 and a 1-year high of $65.97.

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.