iShares Bitcoin Trust ETF $IBIT is Marcho Partners LLP’s 4th Largest Position

Marcho Partners LLP reduced its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 6.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 389,550 shares of the company’s stock after selling 25,000 shares during the period. iShares Bitcoin Trust ETF accounts for 11.7% of Marcho Partners LLP’s portfolio, making the stock its 4th biggest position. Marcho Partners LLP’s holdings in iShares Bitcoin Trust ETF were worth $19,341,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Chapman Financial Group LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the 3rd quarter valued at approximately $25,000. Marshall & Sterling Wealth Advisors Inc. raised its position in shares of iShares Bitcoin Trust ETF by 12,500.0% during the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock valued at $25,000 after acquiring an additional 500 shares in the last quarter. Key Capital Management INC acquired a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at approximately $26,000. Sfam LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at approximately $26,000. Finally, Anchor Investment Management LLC raised its position in shares of iShares Bitcoin Trust ETF by 210.3% during the 3rd quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock valued at $29,000 after acquiring an additional 305 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

IBIT stock opened at $36.04 on Friday. iShares Bitcoin Trust ETF has a 12-month low of $33.48 and a 12-month high of $71.82. The stock’s 50 day simple moving average is $41.79 and its 200 day simple moving average is $44.23.

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.