SkyOak Wealth LLC Decreases Position in iShares Bitcoin Trust ETF $IBIT

SkyOak Wealth LLC lessened its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 41.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,591 shares of the company’s stock after selling 24,485 shares during the period. SkyOak Wealth LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,152,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in IBIT. Brighton Jones LLC purchased a new stake in iShares Bitcoin Trust ETF during the 4th quarter valued at $711,000. E6 Portfolios LLC purchased a new position in iShares Bitcoin Trust ETF in the 4th quarter worth about $864,000. WealthPlan Investment Management LLC purchased a new position in iShares Bitcoin Trust ETF in the 4th quarter worth about $1,421,000. Harvest Portfolios Group Inc. lifted its stake in iShares Bitcoin Trust ETF by 17.7% during the 4th quarter. Harvest Portfolios Group Inc. now owns 859,466 shares of the company’s stock valued at $42,672,000 after acquiring an additional 129,052 shares during the period. Finally, Bison Wealth LLC bought a new position in iShares Bitcoin Trust ETF during the 4th quarter valued at about $3,140,000.

iShares Bitcoin Trust ETF Stock Down 2.0%

Shares of NASDAQ IBIT opened at $43.76 on Wednesday. The firm’s 50-day moving average price is $37.39 and its 200-day moving average price is $39.30. iShares Bitcoin Trust ETF has a 52-week low of $32.84 and a 52-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.