iShares Bitcoin Trust ETF $IBIT Stock Position Decreased by GK Wealth Management LLC

GK Wealth Management LLC lessened its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 51.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,515 shares of the company’s stock after selling 34,420 shares during the period. iShares Bitcoin Trust ETF makes up about 0.8% of GK Wealth Management LLC’s investment portfolio, making the stock its 24th largest holding. GK Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,539,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in IBIT. AG Campbell Advisory LLC bought a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at $38,000. Horizons Wealth Management purchased a new stake in iShares Bitcoin Trust ETF during the 3rd quarter valued at about $37,000. Allied Private Wealth LLC purchased a new stake in iShares Bitcoin Trust ETF during the 2nd quarter valued at about $28,000. SHP Wealth Management bought a new stake in iShares Bitcoin Trust ETF during the 4th quarter valued at about $41,000. Finally, Union Savings Bank purchased a new position in iShares Bitcoin Trust ETF in the fourth quarter worth about $45,000.

iShares Bitcoin Trust ETF Trading Up 0.6%

Shares of NASDAQ IBIT traded up $0.29 during midday trading on Friday, hitting $46.55. The stock had a trading volume of 23,550,753 shares, compared to its average volume of 52,474,816. The business’s 50 day moving average is $43.04 and its 200-day moving average is $40.63. iShares Bitcoin Trust ETF has a 52 week low of $32.84 and a 52 week high of $69.66.

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.