Ardmore Road Asset Management LP cut its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 85.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,456 shares of the company's stock after selling 215,831 shares during the quarter. Ardmore Road Asset Management LP's holdings in iShares Bitcoin Trust were worth $1,987,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Vienna Asset Management LLC grew its position in iShares Bitcoin Trust by 131.6% during the third quarter. Vienna Asset Management LLC now owns 26,642 shares of the company's stock valued at $963,000 after acquiring an additional 15,137 shares during the last quarter. Andina Capital Management LLC raised its position in iShares Bitcoin Trust by 131.0% in the 4th quarter. Andina Capital Management LLC now owns 17,152 shares of the company's stock worth $910,000 after purchasing an additional 9,728 shares during the period. B. Riley Wealth Advisors Inc. raised its position in iShares Bitcoin Trust by 32.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company's stock worth $1,357,000 after purchasing an additional 9,266 shares during the period. Mutual Advisors LLC lifted its stake in iShares Bitcoin Trust by 65.8% in the fourth quarter. Mutual Advisors LLC now owns 157,060 shares of the company's stock worth $8,967,000 after purchasing an additional 62,338 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC purchased a new stake in iShares Bitcoin Trust during the third quarter valued at about $656,000.
iShares Bitcoin Trust Stock Up 2.4 %
Shares of IBIT traded up $1.14 during trading hours on Friday, hitting $47.71. The company had a trading volume of 68,034,758 shares, compared to its average volume of 44,748,430. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75. The stock's 50 day moving average price is $51.69 and its 200 day moving average price is $49.08.
iShares Bitcoin Trust Company Profile
(
Free Report)
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.
See Also
Before you consider iShares Bitcoin Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and iShares Bitcoin Trust wasn't on the list.
While iShares Bitcoin Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
