iShares Bitcoin Trust ETF $IBIT Shares Sold by Milestone Asset Management LLC

Milestone Asset Management LLC cut its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 48.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,482 shares of the company’s stock after selling 18,926 shares during the period. Milestone Asset Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $970,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in IBIT. AG Campbell Advisory LLC bought a new stake in iShares Bitcoin Trust ETF in the 4th quarter valued at about $38,000. Horizons Wealth Management acquired a new stake in shares of iShares Bitcoin Trust ETF in the third quarter valued at approximately $37,000. Allied Private Wealth LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the second quarter valued at approximately $28,000. Blueline Advisors LLC increased its stake in shares of iShares Bitcoin Trust ETF by 335.6% in the third quarter. Blueline Advisors LLC now owns 819 shares of the company’s stock valued at $39,000 after purchasing an additional 631 shares during the period. Finally, SHP Wealth Management bought a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at approximately $41,000.

iShares Bitcoin Trust ETF Stock Up 0.8%

Shares of iShares Bitcoin Trust ETF stock opened at $46.59 on Friday. iShares Bitcoin Trust ETF has a 1-year low of $32.84 and a 1-year high of $65.97. The business’s fifty day moving average price is $44.08 and its two-hundred day moving average price is $40.90.

iShares Bitcoin Trust ETF Company Profile

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.