United Asset Strategies Inc. Lowers Position in iShares Bitcoin Trust ETF $IBIT

United Asset Strategies Inc. reduced its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 67.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,317 shares of the company’s stock after selling 8,758 shares during the period. United Asset Strategies Inc.’s holdings in iShares Bitcoin Trust ETF were worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Signature Resources Capital Management LLC raised its holdings in iShares Bitcoin Trust ETF by 81.6% in the 2nd quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock worth $27,000 after purchasing an additional 200 shares during the period. TD Capital Management LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 48.9% during the first quarter. TD Capital Management LLC now owns 636 shares of the company’s stock worth $30,000 after buying an additional 209 shares in the last quarter. RMG Wealth Management LLC acquired a new stake in iShares Bitcoin Trust ETF in the 2nd quarter valued at about $30,000. JFS Wealth Advisors LLC lifted its position in iShares Bitcoin Trust ETF by 1,277.1% during the second quarter. JFS Wealth Advisors LLC now owns 482 shares of the company’s stock worth $30,000 after buying an additional 447 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares Bitcoin Trust ETF by 261.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 730 shares of the company’s stock worth $34,000 after buying an additional 528 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Down 1.3%

Shares of iShares Bitcoin Trust ETF stock opened at $57.59 on Thursday. The business’s fifty day simple moving average is $63.73 and its 200-day simple moving average is $62.73. iShares Bitcoin Trust ETF has a 52 week low of $42.98 and a 52 week high of $71.82.

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.