Schechter Investment Advisors LLC lowered its position in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 56.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,243 shares of the company's stock after selling 23,890 shares during the quarter. Schechter Investment Advisors LLC's holdings in iShares Bitcoin Trust were worth $968,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in IBIT. Stephens Consulting LLC increased its stake in shares of iShares Bitcoin Trust by 62.8% during the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company's stock worth $26,000 after purchasing an additional 189 shares in the last quarter. AlphaMark Advisors LLC raised its holdings in shares of iShares Bitcoin Trust by 8.9% in the fourth quarter. AlphaMark Advisors LLC now owns 2,455 shares of the company's stock worth $130,000 after acquiring an additional 200 shares during the last quarter. Pathway Financial Advisers LLC lifted its position in shares of iShares Bitcoin Trust by 52.9% in the fourth quarter. Pathway Financial Advisers LLC now owns 665 shares of the company's stock valued at $35,000 after acquiring an additional 230 shares in the last quarter. City Holding Co. boosted its stake in shares of iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company's stock valued at $26,000 after acquiring an additional 238 shares during the last quarter. Finally, Blue Trust Inc. increased its position in iShares Bitcoin Trust by 5.8% during the 4th quarter. Blue Trust Inc. now owns 4,939 shares of the company's stock worth $262,000 after purchasing an additional 270 shares in the last quarter.
iShares Bitcoin Trust Trading Down 2.4 %
IBIT stock traded down $1.21 during trading on Friday, hitting $49.43. The stock had a trading volume of 58,869,156 shares, compared to its average volume of 47,971,586. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75. The company's 50 day moving average price is $54.87 and its two-hundred day moving average price is $47.09.
About iShares Bitcoin Trust
(
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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