Friedenthal Financial Reduces Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Friedenthal Financial lowered its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 34.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,994 shares of the company’s stock after selling 1,029 shares during the quarter. Friedenthal Financial’s holdings in iShares Bitcoin Trust were worth $106,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Glass Jacobson Investment Advisors llc purchased a new stake in iShares Bitcoin Trust in the 2nd quarter valued at $26,000. Asset Dedication LLC raised its holdings in shares of iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after buying an additional 279 shares during the last quarter. West Financial Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust during the third quarter worth about $40,000. Brown Brothers Harriman & Co. acquired a new position in iShares Bitcoin Trust in the 2nd quarter valued at about $43,000. Finally, Hollencrest Capital Management increased its position in iShares Bitcoin Trust by 256.7% in the 2nd quarter. Hollencrest Capital Management now owns 1,327 shares of the company’s stock valued at $45,000 after acquiring an additional 955 shares during the period.

iShares Bitcoin Trust Stock Down 1.2 %

iShares Bitcoin Trust stock traded down $0.62 during mid-day trading on Monday, reaching $53.22. 44,061,573 shares of the company were exchanged, compared to its average volume of 44,388,434. The firm’s 50-day simple moving average is $53.42 and its two-hundred day simple moving average is $41.76. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $61.75.

About iShares Bitcoin Trust

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.