Graypoint LLC Sells 10,319 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Graypoint LLC trimmed its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 61.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,541 shares of the company’s stock after selling 10,319 shares during the period. Graypoint LLC’s holdings in iShares Bitcoin Trust were worth $347,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IBIT. HBW Advisory Services LLC bought a new stake in iShares Bitcoin Trust in the fourth quarter worth $239,000. CCM Investment Advisers LLC raised its stake in shares of iShares Bitcoin Trust by 79.3% in the fourth quarter. CCM Investment Advisers LLC now owns 13,885 shares of the company’s stock valued at $744,000 after acquiring an additional 6,140 shares during the period. Ridgewood Investments LLC lifted its holdings in shares of iShares Bitcoin Trust by 76.7% in the 4th quarter. Ridgewood Investments LLC now owns 6,980 shares of the company’s stock worth $370,000 after acquiring an additional 3,030 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of iShares Bitcoin Trust by 0.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 88,837 shares of the company’s stock worth $4,713,000 after acquiring an additional 320 shares during the last quarter. Finally, ORG Partners LLC boosted its stake in shares of iShares Bitcoin Trust by 346.9% during the 4th quarter. ORG Partners LLC now owns 10,208 shares of the company’s stock worth $542,000 after purchasing an additional 7,924 shares during the period.

iShares Bitcoin Trust Price Performance

iShares Bitcoin Trust stock opened at $53.84 on Friday. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $61.75. The company’s 50-day moving average is $53.42 and its 200 day moving average is $41.71.

About iShares Bitcoin Trust

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.