24,520 iShares Bitcoin Trust ETF $IBIT Shares Sold by Salem Investment Counselors Inc.

Salem Investment Counselors Inc. decreased its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 31.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,480 shares of the company’s stock after selling 24,520 shares during the period. Salem Investment Counselors Inc.’s holdings in iShares Bitcoin Trust ETF were worth $2,484,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Signal Advisors Wealth LLC increased its position in iShares Bitcoin Trust ETF by 61.4% during the 3rd quarter. Signal Advisors Wealth LLC now owns 223,840 shares of the company’s stock valued at $10,597,000 after buying an additional 85,135 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in iShares Bitcoin Trust ETF by 64.4% during the third quarter. B. Riley Wealth Advisors Inc. now owns 29,822 shares of the company’s stock valued at $1,412,000 after buying an additional 11,682 shares during the last quarter. Krilogy Financial LLC bought a new stake in iShares Bitcoin Trust ETF in the third quarter worth $248,000. Sax Wealth Advisors LLC boosted its holdings in iShares Bitcoin Trust ETF by 23.6% in the third quarter. Sax Wealth Advisors LLC now owns 19,947 shares of the company’s stock worth $944,000 after acquiring an additional 3,814 shares in the last quarter. Finally, Stegent Equity Advisors Inc. bought a new stake in iShares Bitcoin Trust ETF in the third quarter worth $2,336,000.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ:IBIT opened at $46.24 on Thursday. The business has a fifty day moving average price of $43.88 and a 200-day moving average price of $40.83. iShares Bitcoin Trust ETF has a 1-year low of $32.84 and a 1-year high of $65.97.

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.