Ovata Capital Management Ltd lowered its position in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 29.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 421,268 shares of the company's stock after selling 179,000 shares during the quarter. iShares Bitcoin Trust accounts for about 8.6% of Ovata Capital Management Ltd's holdings, making the stock its 4th largest position. Ovata Capital Management Ltd owned 0.07% of iShares Bitcoin Trust worth $22,452,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. Vision Financial Markets LLC acquired a new position in shares of iShares Bitcoin Trust in the 4th quarter worth approximately $25,000. Union Savings Bank acquired a new position in iShares Bitcoin Trust in the fourth quarter worth $25,000. City Holding Co. boosted its stake in iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company's stock worth $26,000 after purchasing an additional 238 shares in the last quarter. Stephens Consulting LLC grew its holdings in shares of iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company's stock worth $26,000 after purchasing an additional 189 shares during the last quarter. Finally, Crewe Advisors LLC increased its stake in shares of iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company's stock valued at $27,000 after buying an additional 302 shares in the last quarter.
iShares Bitcoin Trust Stock Performance
Shares of iShares Bitcoin Trust stock traded up $0.27 during midday trading on Wednesday, reaching $43.86. The company had a trading volume of 24,298,710 shares, compared to its average volume of 45,524,535. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75. The stock has a fifty day simple moving average of $50.59 and a 200 day simple moving average of $49.46.
iShares Bitcoin Trust Company 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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