Sanctuary Advisors LLC lessened its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 37.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 391,483 shares of the company’s stock after selling 232,973 shares during the period. Sanctuary Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $15,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently made changes to their positions in IBIT. Brighton Jones LLC purchased a new position in iShares Bitcoin Trust ETF during the 4th quarter worth $711,000. Procyon Advisors LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 920.1% in the fourth quarter. Procyon Advisors LLC now owns 227,604 shares of the company’s stock valued at $11,301,000 after buying an additional 205,292 shares during the last quarter. Step Capital Management Pte. Ltd. acquired a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth about $3,724,000. BIP Wealth LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 220.4% during the fourth quarter. BIP Wealth LLC now owns 27,207 shares of the company’s stock worth $1,351,000 after buying an additional 18,716 shares during the period. Finally, Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth about $714,000.
iShares Bitcoin Trust ETF Price Performance
NASDAQ IBIT opened at $36.39 on Friday. iShares Bitcoin Trust ETF has a 52-week low of $32.84 and a 52-week high of $71.82. The business’s 50-day moving average price is $38.42 and its 200 day moving average price is $41.64.
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.
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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report).
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