Nkcfo LLC lowered its position in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 44.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,000 shares of the company's stock after selling 24,000 shares during the period. iShares Bitcoin Trust comprises about 0.7% of Nkcfo LLC's portfolio, making the stock its 28th largest position. Nkcfo LLC's holdings in iShares Bitcoin Trust were worth $1,592,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vienna Asset Management LLC boosted its stake in shares of iShares Bitcoin Trust by 131.6% in the 3rd quarter. Vienna Asset Management LLC now owns 26,642 shares of the company's stock worth $963,000 after buying an additional 15,137 shares during the last quarter. Garden State Investment Advisory Services LLC purchased a new position in iShares Bitcoin Trust in the third quarter worth $656,000. Andina Capital Management LLC boosted its position in iShares Bitcoin Trust by 131.0% in the fourth 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 last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of iShares Bitcoin Trust by 32.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company's stock valued at $1,357,000 after purchasing an additional 9,266 shares during the last quarter. Finally, Mutual Advisors LLC increased its position in shares of iShares Bitcoin Trust by 65.8% during the 4th quarter. Mutual Advisors LLC now owns 157,060 shares of the company's stock valued at $8,967,000 after purchasing an additional 62,338 shares during the last quarter.
iShares Bitcoin Trust Price Performance
Shares of NASDAQ:IBIT traded up $1.17 during midday trading on Wednesday, reaching $54.68. The company had a trading volume of 14,904,590 shares, compared to its average volume of 42,739,234. The company's 50 day moving average price is $56.26 and its 200 day moving average price is $45.65. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75.
iShares Bitcoin Trust Profile
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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.
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