Montz Harcus Wealth Management LLC Sells 18,217 Shares of iShares Bitcoin Trust ETF $IBIT

Montz Harcus Wealth Management LLC lowered its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 30.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,764 shares of the company’s stock after selling 18,217 shares during the quarter. iShares Bitcoin Trust ETF comprises approximately 0.4% of Montz Harcus Wealth Management LLC’s investment portfolio, making the stock its 28th largest holding. Montz Harcus Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,357,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of IBIT. Marshall & Sterling Wealth Advisors Inc. raised its holdings in iShares Bitcoin Trust ETF by 12,500.0% during the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock worth $25,000 after buying an additional 500 shares during the last quarter. Vermillion & White Wealth Management Group LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 637.5% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock valued at $26,000 after buying an additional 459 shares during the last quarter. Sfam LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at about $26,000. Allied Private Wealth LLC bought a new stake in shares of iShares Bitcoin Trust ETF during the second quarter worth about $28,000. Finally, Semmax Financial Advisors Inc. increased its position in shares of iShares Bitcoin Trust ETF by 135.9% during the second quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after acquiring an additional 284 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

IBIT opened at $46.35 on Friday. iShares Bitcoin Trust ETF has a fifty-two week low of $32.84 and a fifty-two week high of $71.82. The company’s 50-day moving average is $37.85 and its 200 day moving average is $39.40.

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.