iShares Bitcoin Trust (NASDAQ:IBIT) Stock Position Reduced by Forte Asset Management LLC

Forte Asset Management LLC trimmed its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 17.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,053 shares of the company’s stock after selling 15,652 shares during the period. iShares Bitcoin Trust accounts for approximately 2.1% of Forte Asset Management LLC’s holdings, making the stock its 18th largest position. Forte Asset Management LLC’s holdings in iShares Bitcoin Trust were worth $3,929,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in IBIT. IMC Chicago LLC acquired a new position in iShares Bitcoin Trust in the 3rd quarter valued at $323,337,000. Clear Street Derivatives LLC acquired a new position in iShares Bitcoin Trust in the 3rd quarter valued at $23,686,000. CloudAlpha Capital Management Limited Hong Kong acquired a new position in iShares Bitcoin Trust in the 3rd quarter valued at $19,149,000. LMR Partners LLP grew its stake in iShares Bitcoin Trust by 350.0% in the 3rd quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock valued at $22,762,000 after buying an additional 490,000 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. grew its stake in iShares Bitcoin Trust by 3,525.8% in the 4th quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock valued at $23,082,000 after buying an additional 423,100 shares during the last quarter.

iShares Bitcoin Trust Trading Down 3.1 %

NASDAQ:IBIT opened at $57.85 on Tuesday. iShares Bitcoin Trust has a 1 year low of $23.88 and a 1 year high of $61.75. The firm’s fifty day simple moving average is $55.77 and its 200 day simple moving average is $43.45.

About iShares Bitcoin Trust

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.