Synergy Asset Management LLC Sells 238,666 Shares of iShares Bitcoin Trust ETF $IBIT

Synergy Asset Management LLC cut its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 97.4% in the 4th quarter, Holdings Channel reports. The fund owned 6,476 shares of the company’s stock after selling 238,666 shares during the quarter. Synergy Asset Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $322,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. StoneX Group Inc. boosted its stake in shares of iShares Bitcoin Trust ETF by 41.2% in the 2nd quarter. StoneX Group Inc. now owns 71,076 shares of the company’s stock valued at $4,347,000 after purchasing an additional 20,755 shares in the last quarter. Caprock Group LLC bought a new position in shares of iShares Bitcoin Trust ETF during the 3rd quarter valued at $1,536,000. Finer Wealth Management Inc. raised its position in iShares Bitcoin Trust ETF by 136.2% in the 2nd quarter. Finer Wealth Management Inc. now owns 39,668 shares of the company’s stock worth $2,428,000 after purchasing an additional 22,872 shares during the period. Kingstone Capital Partners Texas LLC raised its position in iShares Bitcoin Trust ETF by 50.6% in the 3rd quarter. Kingstone Capital Partners Texas LLC now owns 64,924 shares of the company’s stock worth $4,220,000 after purchasing an additional 21,815 shares during the period. Finally, Calamos Wealth Management LLC lifted its stake in iShares Bitcoin Trust ETF by 81.0% in the third quarter. Calamos Wealth Management LLC now owns 49,258 shares of the company’s stock worth $3,202,000 after purchasing an additional 22,045 shares during the last quarter.

iShares Bitcoin Trust ETF Price Performance

iShares Bitcoin Trust ETF stock opened at $37.40 on Friday. The firm has a fifty day simple moving average of $41.56 and a two-hundred day simple moving average of $51.93. iShares Bitcoin Trust ETF has a twelve month low of $35.30 and a twelve month high of $71.82.

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.