X Square Capital LLC Decreases Stock Position in iShares Bitcoin Trust ETF $IBIT

X Square Capital LLC cut its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 31.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 92,645 shares of the company’s stock after selling 42,088 shares during the period. iShares Bitcoin Trust ETF makes up about 1.5% of X Square Capital LLC’s holdings, making the stock its 16th largest holding. X Square Capital LLC’s holdings in iShares Bitcoin Trust ETF were worth $4,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. McIlrath & Eck LLC raised its stake in iShares Bitcoin Trust ETF by 30.3% in the 2nd quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock valued at $43,000 after acquiring an additional 163 shares during the period. Vivaldi Capital Management LP increased its stake in shares of iShares Bitcoin Trust ETF by 3.3% in the second quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock worth $314,000 after purchasing an additional 163 shares in the last quarter. Thoroughbred Financial Services LLC raised its position in shares of iShares Bitcoin Trust ETF by 3.3% in the third quarter. Thoroughbred Financial Services LLC now owns 5,323 shares of the company’s stock valued at $345,000 after purchasing an additional 172 shares during the period. Consolidated Portfolio Review Corp raised its position in shares of iShares Bitcoin Trust ETF by 2.3% in the third quarter. Consolidated Portfolio Review Corp now owns 7,851 shares of the company’s stock valued at $510,000 after purchasing an additional 174 shares during the period. Finally, Gilbert & Cook Inc. lifted its stake in shares of iShares Bitcoin Trust ETF by 2.5% during the 4th quarter. Gilbert & Cook Inc. now owns 7,931 shares of the company’s stock valued at $394,000 after buying an additional 196 shares in the last quarter.

iShares Bitcoin Trust ETF Trading Up 5.1%

iShares Bitcoin Trust ETF stock opened at $35.89 on Tuesday. The firm has a 50 day simple moving average of $41.99 and a 200 day simple moving average of $44.57. iShares Bitcoin Trust ETF has a 1-year low of $33.48 and a 1-year 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.