Bellecapital International Ltd. Reduces Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Bellecapital International Ltd. trimmed its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 9.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,875 shares of the company’s stock after selling 5,158 shares during the quarter. Bellecapital International Ltd.’s holdings in iShares Bitcoin Trust were worth $1,838,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of IBIT. Narus Financial Partners LLC raised its stake in shares of iShares Bitcoin Trust by 21.4% during the 3rd quarter. Narus Financial Partners LLC now owns 9,633 shares of the company’s stock worth $348,000 after buying an additional 1,699 shares in the last quarter. Pure Portfolios Holdings LLC acquired a new stake in shares of iShares Bitcoin Trust during the third quarter valued at $2,618,000. Proathlete Wealth Management LLC boosted its position in iShares Bitcoin Trust by 0.6% during the third quarter. Proathlete Wealth Management LLC now owns 123,735 shares of the company’s stock worth $4,471,000 after acquiring an additional 724 shares during the last quarter. Verde Capital Management grew its holdings in iShares Bitcoin Trust by 7.6% in the 3rd quarter. Verde Capital Management now owns 189,638 shares of the company’s stock valued at $6,852,000 after buying an additional 13,366 shares during the period. Finally, Key Client Fiduciary Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust during the 3rd quarter worth $233,000.

iShares Bitcoin Trust Price Performance

IBIT traded down $0.95 during trading on Monday, hitting $38.12. 9,732,752 shares of the company’s stock were exchanged, compared to its average volume of 30,258,512. The stock has a 50 day moving average price of $34.80 and a 200 day moving average price of $36.00. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $41.99.

iShares Bitcoin Trust 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.