Wealthcare Advisory Partners LLC Cuts Position in iShares Bitcoin Trust ETF $IBIT

Wealthcare Advisory Partners LLC lessened its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 35.0% during the second quarter, Holdings Channel reports. The fund owned 58,131 shares of the company’s stock after selling 31,358 shares during the period. Wealthcare Advisory Partners LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,935,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in IBIT. Marshall & Sterling Wealth Advisors Inc. boosted its holdings in shares of iShares Bitcoin Trust ETF by 12,500.0% in the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares in the last quarter. Key Capital Management INC purchased a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC lifted its position in iShares Bitcoin Trust ETF by 637.5% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock worth $26,000 after buying an additional 459 shares during the last quarter. Sfam LLC bought a new stake in iShares Bitcoin Trust ETF in the 4th quarter worth approximately $26,000. Finally, Allied Private Wealth LLC purchased a new stake in iShares Bitcoin Trust ETF in the second quarter worth approximately $28,000.

iShares Bitcoin Trust ETF Trading Down 0.0%

Shares of NASDAQ IBIT opened at $35.88 on Friday. iShares Bitcoin Trust ETF has a one year low of $32.84 and a one year high of $71.82. The firm’s 50 day simple moving average is $35.85 and its two-hundred day simple moving average is $39.47.

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.