Northeast Financial Consultants Inc lessened its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 22.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 135,924 shares of the company's stock after selling 39,293 shares during the quarter. Northeast Financial Consultants Inc's holdings in iShares Bitcoin Trust were worth $7,211,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the business. Obermeyer Wealth Partners bought a new stake in shares of iShares Bitcoin Trust in the fourth quarter worth $233,000. Measured Risk Portfolios Inc. bought a new position in shares of iShares Bitcoin Trust during the 4th quarter worth about $67,000. Morse Asset Management Inc bought a new position in shares of iShares Bitcoin Trust during the 4th quarter worth about $53,000. Mubadala Investment Co PJSC bought a new position in shares of iShares Bitcoin Trust during the 4th quarter worth about $436,895,000. Finally, Napa Wealth Management bought a new position in shares of iShares Bitcoin Trust during the 4th quarter worth about $1,531,000.
iShares Bitcoin Trust Stock Performance
IBIT opened at $59.62 on Wednesday. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75. The company's 50-day moving average is $49.91 and its 200 day moving average is $52.17.
iShares Bitcoin Trust Profile
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Free Report)
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.
Further Reading
Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust (NASDAQ:IBIT - Free Report).
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