iShares Bitcoin Trust ETF $IBIT Stock Sold by Trek Financial LLC

Trek Financial LLC decreased its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 35.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 124,559 shares of the company’s stock after selling 69,116 shares during the quarter. Trek Financial LLC’s holdings in iShares Bitcoin Trust ETF were worth $5,897,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Woodmont Investment Counsel LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the 3rd quarter valued at approximately $215,000. Traynor Capital Management Inc. raised its stake in shares of iShares Bitcoin Trust ETF by 9.2% during the third quarter. Traynor Capital Management Inc. now owns 17,117 shares of the company’s stock worth $810,000 after purchasing an additional 1,438 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of iShares Bitcoin Trust ETF by 89.3% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,200 shares of the company’s stock worth $151,000 after purchasing an additional 1,510 shares during the last quarter. Virtue Capital Management LLC raised its stake in shares of iShares Bitcoin Trust ETF by 14.0% during the third quarter. Virtue Capital Management LLC now owns 10,651 shares of the company’s stock worth $504,000 after purchasing an additional 1,310 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd raised its stake in shares of iShares Bitcoin Trust ETF by 43.1% during the third quarter. Pilgrim Partners Asia Pte Ltd now owns 2,607,600 shares of the company’s stock worth $123,444,000 after purchasing an additional 785,300 shares during the last quarter.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ IBIT opened at $43.36 on Monday. The stock has a fifty day moving average price of $45.89 and a 200 day moving average price of $41.59. iShares Bitcoin Trust ETF has a 1-year low of $32.84 and a 1-year high of $63.03.

iShares Bitcoin Trust ETF 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.