Global Retirement Partners LLC Sells 11,880 Shares of iShares Bitcoin Trust ETF $IBIT

Global Retirement Partners LLC cut its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 4.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 258,804 shares of the company’s stock after selling 11,880 shares during the period. Global Retirement Partners LLC’s holdings in iShares Bitcoin Trust ETF were worth $12,850,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBIT. Brighton Jones LLC bought a new position in iShares Bitcoin Trust ETF during the fourth quarter worth about $711,000. Bison Wealth LLC bought a new position in iShares Bitcoin Trust ETF during the fourth quarter worth about $3,140,000. Royal Bank of Canada lifted its holdings in iShares Bitcoin Trust ETF by 3.6% during the first quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock worth $2,898,000 after acquiring an additional 2,148 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in iShares Bitcoin Trust ETF by 427.2% during the first quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock worth $102,000 after acquiring an additional 1,760 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new position in iShares Bitcoin Trust ETF during the second quarter worth about $357,000.

iShares Bitcoin Trust ETF Trading Up 1.1%

IBIT stock opened at $43.99 on Thursday. The business’s 50-day moving average price is $41.98 and its two-hundred day moving average price is $46.14. iShares Bitcoin Trust ETF has a 1-year low of $35.30 and a 1-year 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.