Deltec Asset Management LLC cut its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 6.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 242,775 shares of the company's stock after selling 17,875 shares during the period. iShares Bitcoin Trust accounts for about 1.7% of Deltec Asset Management LLC's portfolio, making the stock its 17th biggest position. Deltec Asset Management LLC's holdings in iShares Bitcoin Trust were worth $8,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Andina Capital Management LLC purchased a new stake in iShares Bitcoin Trust during the 3rd quarter valued at $268,000. Integrated Advisors Network LLC increased its position in iShares Bitcoin Trust by 20.2% during the third quarter. Integrated Advisors Network LLC now owns 27,411 shares of the company's stock valued at $990,000 after acquiring an additional 4,603 shares during the last quarter. Pallas Capital Advisors LLC bought a new position in iShares Bitcoin Trust during the third quarter valued at $202,000. Financial Futures Ltd Liability Co. raised its stake in shares of iShares Bitcoin Trust by 3.9% in the third quarter. Financial Futures Ltd Liability Co. now owns 55,959 shares of the company's stock valued at $2,022,000 after acquiring an additional 2,084 shares during the period. Finally, Taylor & Morgan Wealth Management LLC bought a new stake in shares of iShares Bitcoin Trust in the 3rd quarter worth about $292,000.
iShares Bitcoin Trust Stock Performance
NASDAQ:IBIT traded down $0.45 during mid-day trading on Wednesday, hitting $40.88. 31,629,340 shares of the stock traded hands, compared to its average volume of 30,734,523. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $41.99. The firm's 50 day moving average is $35.54 and its two-hundred day moving average is $35.97.
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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