Bogart Wealth LLC Cuts Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Bogart Wealth LLC reduced its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 16.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,923 shares of the company’s stock after selling 390 shares during the quarter. Bogart Wealth LLC’s holdings in iShares Bitcoin Trust were worth $102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Union Savings Bank purchased a new position in shares of iShares Bitcoin Trust in the fourth quarter valued at $25,000. City Holding Co. grew its holdings in shares of iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after purchasing an additional 238 shares in the last quarter. Stephens Consulting LLC grew its holdings in shares of iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after purchasing an additional 189 shares in the last quarter. Crewe Advisors LLC grew its holdings in shares of iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after purchasing an additional 302 shares in the last quarter. Finally, Asset Dedication LLC grew its holdings in shares of iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after purchasing an additional 279 shares in the last quarter.

iShares Bitcoin Trust Price Performance

IBIT stock opened at $55.33 on Friday. The firm has a fifty day moving average price of $56.30 and a 200 day moving average price of $45.28. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week 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.