iShares Bitcoin Trust ETF $IBIT Shares Sold by Riversedge Advisors LLC

Riversedge Advisors LLC lowered its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 26.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 45,769 shares of the company’s stock after selling 16,752 shares during the quarter. iShares Bitcoin Trust ETF makes up approximately 0.5% of Riversedge Advisors LLC’s holdings, making the stock its 27th biggest holding. Riversedge Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,802,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of IBIT. Brighton Jones LLC acquired a new stake in iShares Bitcoin Trust ETF during the fourth quarter worth approximately $711,000. Northern Trust Corp acquired a new stake in iShares Bitcoin Trust ETF during the fourth quarter worth approximately $2,318,000. Bison Wealth LLC acquired a new stake in iShares Bitcoin Trust ETF during the fourth quarter worth approximately $3,140,000. Bank of America Corp DE boosted its position in iShares Bitcoin Trust ETF by 154.6% during the fourth quarter. Bank of America Corp DE now owns 410,560 shares of the company’s stock worth $21,780,000 after acquiring an additional 249,292 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its position in iShares Bitcoin Trust ETF by 15.0% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 6,730 shares of the company’s stock worth $357,000 after acquiring an additional 880 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ IBIT opened at $65.50 on Tuesday. iShares Bitcoin Trust ETF has a 1 year low of $32.69 and a 1 year high of $69.89. The firm’s 50 day moving average price is $65.38 and its 200 day moving average price is $58.22.

About iShares Bitcoin Trust ETF

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.