Gateway Wealth Partners LLC trimmed its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 75.5% in the 2nd quarter, Holdings Channel reports. The firm owned 12,177 shares of the company’s stock after selling 37,483 shares during the period. Gateway Wealth Partners LLC’s holdings in iShares Bitcoin Trust ETF were worth $405,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. lifted its holdings in 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 valued at $25,000 after purchasing an additional 500 shares in the last quarter. Key Capital Management INC purchased a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth $26,000. Vermillion & White Wealth Management Group LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 637.5% during the fourth 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 in the last quarter. Sfam LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth $26,000. Finally, Allied Private Wealth LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the second quarter valued at about $28,000.
iShares Bitcoin Trust ETF Price Performance
NASDAQ:IBIT opened at $35.63 on Friday. The company’s 50-day moving average price is $35.88 and its 200-day moving average price is $39.45. iShares Bitcoin Trust ETF has a twelve month low of $32.84 and a twelve month high of $71.82.
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.
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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report).
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