Birch Hill Investment Advisors LLC lessened its stake in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) by 9.5% in the fourth quarter, HoldingsChannel reports. The firm owned 14,300 shares of the company’s stock after selling 1,500 shares during the period. Birch Hill Investment Advisors LLC’s holdings in iShares Bitcoin Trust were worth $759,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of IBIT. Truist Financial Corp lifted its holdings in iShares Bitcoin Trust by 17.2% in the second quarter. Truist Financial Corp now owns 9,801 shares of the company’s stock valued at $335,000 after acquiring an additional 1,436 shares during the period. Sanctuary Advisors LLC purchased a new stake in iShares Bitcoin Trust during the second quarter valued at approximately $392,000. Dynamic Advisor Solutions LLC bought a new position in iShares Bitcoin Trust in the third quarter worth approximately $247,000. CWM LLC grew its position in shares of iShares Bitcoin Trust by 126.4% during the 3rd quarter. CWM LLC now owns 79,775 shares of the company’s stock valued at $2,882,000 after acquiring an additional 44,539 shares during the period. Finally, Watts Gwilliam & Co. LLC purchased a new stake in shares of iShares Bitcoin Trust in the 3rd quarter worth $246,000.
iShares Bitcoin Trust Stock Down 1.2 %
Shares of iShares Bitcoin Trust stock opened at $54.47 on Friday. The stock’s fifty day moving average is $56.35 and its 200 day moving average is $44.80. iShares Bitcoin Trust has a one year low of $25.64 and a one year high of $61.75.
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.
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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust (NASDAQ:IBIT – Free Report).
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