iShares Bitcoin Trust ETF $IBIT Stake Reduced by Riversedge Advisors LLC

Riversedge Advisors LLC cut its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 5.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 206,895 shares of the company’s stock after selling 11,280 shares during the quarter. iShares Bitcoin Trust ETF comprises 1.2% of Riversedge Advisors LLC’s portfolio, making the stock its 17th biggest position. Riversedge Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $9,794,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. AG Campbell Advisory LLC purchased a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at $38,000. Horizons Wealth Management purchased a new position in shares of iShares Bitcoin Trust ETF during the third quarter worth $37,000. Allied Private Wealth LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the second quarter worth $28,000. SHP Wealth Management acquired a new position in iShares Bitcoin Trust ETF during the fourth quarter valued at $41,000. Finally, Union Savings Bank acquired a new position in iShares Bitcoin Trust ETF during the fourth quarter valued at $45,000.

iShares Bitcoin Trust ETF Price Performance

NASDAQ:IBIT traded up $0.50 during mid-day trading on Friday, hitting $46.76. The company’s stock had a trading volume of 16,360,815 shares, compared to its average volume of 52,435,574. The business’s fifty day moving average is $43.04 and its two-hundred day moving average is $40.63. iShares Bitcoin Trust ETF has a 1 year low of $32.84 and a 1 year high of $69.66.

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.