LM Advisors LLC Trims Stock Position in iShares Bitcoin Trust ETF $IBIT

LM Advisors LLC lessened its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 91.6% during the 4th quarter, Holdings Channel reports. The firm owned 3,694 shares of the company’s stock after selling 40,377 shares during the quarter. LM Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $183,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of IBIT. Brighton Jones LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at approximately $711,000. Bison Wealth LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at approximately $3,140,000. Royal Bank of Canada raised its position in shares of iShares Bitcoin Trust ETF by 3.6% in the first quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock valued at $2,898,000 after buying an additional 2,148 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of iShares Bitcoin Trust ETF by 427.2% in the first quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock valued at $102,000 after buying an additional 1,760 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the second quarter valued at approximately $357,000.

iShares Bitcoin Trust ETF Price Performance

NASDAQ:IBIT opened at $36.04 on Friday. The firm has a 50 day simple moving average of $41.79 and a 200-day simple moving average of $44.23. iShares Bitcoin Trust ETF has a 1-year low of $33.48 and a 1-year high of $71.82.

About iShares Bitcoin Trust ETF

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.