iShares Bitcoin Trust (NASDAQ:IBIT) Stake Lowered by Ovata Capital Management Ltd

Ovata Capital Management Ltd lessened its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 29.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 421,268 shares of the company’s stock after selling 179,000 shares during the quarter. iShares Bitcoin Trust comprises 8.6% of Ovata Capital Management Ltd’s portfolio, making the stock its 4th biggest holding. Ovata Capital Management Ltd’s holdings in iShares Bitcoin Trust were worth $22,452,000 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. Stephens Consulting LLC grew its position in iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after acquiring an additional 189 shares in the last quarter. AlphaMark Advisors LLC lifted its stake in shares of iShares Bitcoin Trust by 8.9% in the 4th quarter. AlphaMark Advisors LLC now owns 2,455 shares of the company’s stock valued at $130,000 after purchasing an additional 200 shares during the last quarter. Pathway Financial Advisers LLC boosted its holdings in shares of iShares Bitcoin Trust by 52.9% in the 4th quarter. Pathway Financial Advisers LLC now owns 665 shares of the company’s stock worth $35,000 after purchasing an additional 230 shares during the period. SouthState Corp increased its position in shares of iShares Bitcoin Trust by 5.5% during the 4th quarter. SouthState Corp now owns 4,411 shares of the company’s stock valued at $234,000 after purchasing an additional 230 shares during the last quarter. Finally, Mosley Wealth Management raised its holdings in iShares Bitcoin Trust by 2.5% during the 4th quarter. Mosley Wealth Management now owns 9,341 shares of the company’s stock valued at $496,000 after buying an additional 231 shares during the period.

iShares Bitcoin Trust Stock Up 2.4 %

NASDAQ IBIT opened at $47.71 on Friday. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75. The company has a fifty day moving average of $51.45 and a two-hundred day moving average of $49.18.

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.