Lido Advisors LLC Reduces Position in iShares Bitcoin Trust ETF $IBIT

Lido Advisors LLC trimmed its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 11.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 306,258 shares of the company’s stock after selling 40,914 shares during the period. Lido Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $11,766,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBIT. McIlrath & Eck LLC lifted 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 worth $43,000 after purchasing an additional 163 shares in the last quarter. Vivaldi Capital Management LP grew its position 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 valued at $314,000 after purchasing an additional 163 shares in the last quarter. McLean Asset Management Corp increased its holdings in shares of iShares Bitcoin Trust ETF by 4.2% in the fourth quarter. McLean Asset Management Corp now owns 5,012 shares of the company’s stock valued at $249,000 after purchasing an additional 200 shares during the last quarter. ST Germain D J Co. Inc. increased its holdings in shares of iShares Bitcoin Trust ETF by 2.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 8,059 shares of the company’s stock valued at $400,000 after purchasing an additional 220 shares during the last quarter. Finally, Diligent Investors LLC lifted its position in iShares Bitcoin Trust ETF by 5.7% during the fourth quarter. Diligent Investors LLC now owns 4,153 shares of the company’s stock worth $206,000 after buying an additional 223 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

NASDAQ IBIT opened at $36.65 on Friday. The stock’s fifty day moving average is $37.54 and its two-hundred day moving average is $41.18. iShares Bitcoin Trust ETF has a fifty-two week low of $32.84 and a fifty-two week high of $71.82.

iShares Bitcoin Trust ETF Company 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.