Summit Financial LLC Sells 85,010 Shares of iShares Bitcoin Trust ETF $IBIT

Summit Financial LLC reduced its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 24.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 264,580 shares of the company’s stock after selling 85,010 shares during the quarter. Summit Financial LLC’s holdings in iShares Bitcoin Trust ETF were worth $13,136,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IBIT. Laurore Ltd bought a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at approximately $436,239,000. 59 North Capital Management LP bought a new stake in iShares Bitcoin Trust ETF in the third quarter worth $169,100,000. Consolidated Portfolio Review Corp lifted its position in iShares Bitcoin Trust ETF by 27,185.5% in the fourth quarter. Consolidated Portfolio Review Corp now owns 2,142,185 shares of the company’s stock worth $106,359,000 after buying an additional 2,134,334 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc lifted its position in iShares Bitcoin Trust ETF by 9,320.0% in the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 2,032,648 shares of the company’s stock worth $100,921,000 after buying an additional 2,011,070 shares during the last quarter. Finally, Sculptor Capital LP lifted its position in iShares Bitcoin Trust ETF by 59.5% in the second quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock worth $274,664,000 after buying an additional 1,673,788 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of IBIT opened at $36.04 on Friday. The business has a fifty day moving average of $41.79 and a 200 day moving average of $44.23. iShares Bitcoin Trust ETF has a 52-week low of $33.48 and a 52-week 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.