iShares Bitcoin Trust (NASDAQ:IBIT) Shares Sold by Beacon Financial Advisory LLC

Beacon Financial Advisory LLC reduced its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 36.1% in the 4th quarter, Holdings Channel reports. The firm owned 4,475 shares of the company’s stock after selling 2,528 shares during the quarter. Beacon Financial Advisory LLC’s holdings in iShares Bitcoin Trust were worth $237,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Union Savings Bank acquired a new position in shares of iShares Bitcoin Trust during the fourth quarter worth $25,000. City Holding Co. increased its stake in iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after buying an additional 238 shares during the period. Stephens Consulting LLC lifted its holdings in iShares Bitcoin Trust by 62.8% in the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after buying an additional 189 shares in the last quarter. Crewe Advisors LLC boosted its position in iShares Bitcoin Trust by 151.0% in the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after buying an additional 302 shares during the last quarter. Finally, Asset Dedication LLC grew its stake in shares of iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after acquiring an additional 279 shares in the last quarter.

iShares Bitcoin Trust Stock Down 0.4 %

Shares of NASDAQ IBIT opened at $55.12 on Friday. iShares Bitcoin Trust has a 1 year low of $24.49 and a 1 year high of $61.75. The stock’s 50-day simple moving average is $56.36 and its 200-day simple moving average is $44.62.

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.