iShares Bitcoin Trust (NASDAQ:IBIT) Shares Sold by Friedenthal Financial

Friedenthal Financial decreased its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 34.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,994 shares of the company’s stock after selling 1,029 shares during the period. Friedenthal Financial’s holdings in iShares Bitcoin Trust were worth $106,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in IBIT. IMC Chicago LLC purchased a new position in iShares Bitcoin Trust in the third quarter valued at about $323,337,000. Aristeia Capital L.L.C. increased its stake in iShares Bitcoin Trust by 47.2% in the 2nd quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock valued at $202,806,000 after purchasing an additional 1,903,644 shares in the last quarter. Sculptor Capital LP raised its holdings in iShares Bitcoin Trust by 188.1% during the second quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock worth $115,831,000 after purchasing an additional 2,215,107 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in iShares Bitcoin Trust by 1,657.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock worth $90,014,000 after purchasing an additional 2,486,608 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in iShares Bitcoin Trust in the 2nd quarter valued at about $56,965,000.

iShares Bitcoin Trust Stock Performance

Shares of IBIT traded down $0.62 on Monday, hitting $53.22. 44,061,573 shares of the stock traded hands, compared to its average volume of 44,388,434. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $61.75. The stock’s 50 day moving average is $53.42 and its two-hundred day moving average is $41.76.

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.