Summit Financial LLC Sells 85,010 Shares of iShares Bitcoin Trust ETF $IBIT

Summit Financial LLC cut its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 24.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 264,580 shares of the company’s stock after selling 85,010 shares during the quarter. Summit Financial LLC’s holdings in iShares Bitcoin Trust ETF were worth $13,136,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of IBIT. Laurore Ltd bought a new stake in iShares Bitcoin Trust ETF in the fourth quarter worth $436,239,000. 59 North Capital Management LP bought a new stake in shares of iShares Bitcoin Trust ETF during the third quarter worth $169,100,000. Consolidated Portfolio Review Corp lifted its position in shares of iShares Bitcoin Trust ETF by 27,185.5% during the fourth quarter. Consolidated Portfolio Review Corp now owns 2,142,185 shares of the company’s stock worth $106,359,000 after purchasing an additional 2,134,334 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc lifted its position in shares of iShares Bitcoin Trust ETF by 9,320.0% during the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 2,032,648 shares of the company’s stock worth $100,921,000 after purchasing an additional 2,011,070 shares during the last quarter. Finally, Sculptor Capital LP lifted its position in shares of iShares Bitcoin Trust ETF by 59.5% during the second quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock worth $274,664,000 after purchasing an additional 1,673,788 shares during the last quarter.

iShares Bitcoin Trust ETF Trading Down 0.0%

NASDAQ:IBIT opened at $36.04 on Friday. iShares Bitcoin Trust ETF has a twelve month low of $33.48 and a twelve month high of $71.82. The stock has a fifty day simple moving average of $41.79 and a 200-day simple moving average of $44.23.

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.