iShares Bitcoin Trust ETF $IBIT Shares Sold by Maridea Wealth Management LLC

Maridea Wealth Management LLC decreased its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 47.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 43,009 shares of the company’s stock after selling 38,089 shares during the quarter. Maridea Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,135,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at $711,000. Bison Wealth LLC purchased a new stake in iShares Bitcoin Trust ETF during the 4th quarter worth about $3,140,000. Royal Bank of Canada raised its stake in iShares Bitcoin Trust ETF by 3.6% in the 1st quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock valued at $2,898,000 after purchasing an additional 2,148 shares during the last quarter. Jones Financial Companies Lllp raised its stake in iShares Bitcoin Trust ETF by 427.2% in the 1st quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock valued at $102,000 after purchasing an additional 1,760 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in iShares Bitcoin Trust ETF in the 2nd quarter valued at about $357,000.

iShares Bitcoin Trust ETF Stock Performance

NASDAQ:IBIT opened at $39.78 on Friday. iShares Bitcoin Trust ETF has a 12-month low of $35.30 and a 12-month high of $71.82. The company’s 50-day moving average is $43.03 and its two-hundred day moving average is $52.70.

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.