Balboa Wealth Partners Decreases Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Balboa Wealth Partners cut its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 14.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,337 shares of the company’s stock after selling 3,053 shares during the period. Balboa Wealth Partners’ holdings in iShares Bitcoin Trust were worth $663,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IBIT. Lifeworks Advisors LLC grew its position in iShares Bitcoin Trust by 22.9% in the 3rd quarter. Lifeworks Advisors LLC now owns 111,383 shares of the company’s stock worth $4,024,000 after purchasing an additional 20,746 shares during the period. Black Swift Group LLC grew its holdings in shares of iShares Bitcoin Trust by 7.0% in the third quarter. Black Swift Group LLC now owns 10,700 shares of the company’s stock worth $387,000 after acquiring an additional 700 shares during the period. SAM Advisors LLC purchased a new stake in iShares Bitcoin Trust during the third quarter valued at $441,000. CloudAlpha Capital Management Limited Hong Kong bought a new position in iShares Bitcoin Trust in the third quarter valued at about $19,149,000. Finally, Empower Advisory Group LLC boosted its position in iShares Bitcoin Trust by 9.7% in the third quarter. Empower Advisory Group LLC now owns 31,730 shares of the company’s stock worth $1,146,000 after purchasing an additional 2,799 shares during the last quarter.

iShares Bitcoin Trust Stock Down 2.6 %

NASDAQ IBIT opened at $49.73 on Friday. The company has a 50-day moving average price of $37.60 and a 200-day moving average price of $36.53. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $53.26.

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.