Wedmont Private Capital Sells 42,308 Shares of iShares Bitcoin Trust ETF $IBIT

Wedmont Private Capital reduced its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 66.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,643 shares of the company’s stock after selling 42,308 shares during the period. Wedmont Private Capital’s holdings in iShares Bitcoin Trust ETF were worth $784,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of IBIT. Semmax Financial Advisors Inc. boosted its stake in shares of iShares Bitcoin Trust ETF by 135.9% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock valued at $33,000 after purchasing an additional 284 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. lifted its holdings in iShares Bitcoin Trust ETF by 12,500.0% during the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock valued at $25,000 after purchasing an additional 500 shares during the last quarter. Sfam LLC bought a new position in iShares Bitcoin Trust ETF during the 4th quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC boosted its position in iShares Bitcoin Trust ETF by 637.5% in 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 in the last quarter. Finally, WFA of San Diego LLC acquired a new position in iShares Bitcoin Trust ETF in the second quarter valued at about $34,000.

iShares Bitcoin Trust ETF Stock Down 0.2%

NASDAQ IBIT opened at $44.29 on Thursday. iShares Bitcoin Trust ETF has a 1-year low of $32.84 and a 1-year high of $71.82. The company has a 50 day moving average of $38.73 and a 200-day moving average of $39.58.

About iShares Bitcoin Trust ETF

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.