Encompass More Asset Management Sells 5,652 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Encompass More Asset Management decreased its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 3.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 149,008 shares of the company’s stock after selling 5,652 shares during the period. iShares Bitcoin Trust makes up 2.6% of Encompass More Asset Management’s portfolio, making the stock its 5th largest position. Encompass More Asset Management’s holdings in iShares Bitcoin Trust were worth $7,905,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Impact Partnership Wealth LLC increased its stake in iShares Bitcoin Trust by 8.6% during the 4th quarter. Impact Partnership Wealth LLC now owns 151,838 shares of the company’s stock worth $8,055,000 after purchasing an additional 12,048 shares in the last quarter. Patriot Investment Management Group Inc. increased its position in shares of iShares Bitcoin Trust by 759.6% during the fourth quarter. Patriot Investment Management Group Inc. now owns 95,115 shares of the company’s stock worth $5,046,000 after acquiring an additional 84,050 shares in the last quarter. LexAurum Advisors LLC raised its holdings in shares of iShares Bitcoin Trust by 18.4% during the fourth quarter. LexAurum Advisors LLC now owns 15,151 shares of the company’s stock worth $804,000 after acquiring an additional 2,358 shares during the period. RFG Advisory LLC lifted its position in iShares Bitcoin Trust by 216.2% in the 4th quarter. RFG Advisory LLC now owns 53,794 shares of the company’s stock valued at $2,854,000 after acquiring an additional 36,780 shares in the last quarter. Finally, Brighton Jones LLC acquired a new position in iShares Bitcoin Trust in the 4th quarter worth $711,000.

iShares Bitcoin Trust Price Performance

IBIT opened at $59.78 on Friday. The business’s 50-day moving average price is $55.44 and its two-hundred day moving average price is $43.00. iShares Bitcoin Trust has a 1 year low of $22.58 and a 1 year high of $61.75.

iShares Bitcoin Trust Company 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.