Beaird Harris Wealth Management LLC Sells 2,021 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Beaird Harris Wealth Management LLC reduced its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 47.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,205 shares of the company’s stock after selling 2,021 shares during the period. Beaird Harris Wealth Management LLC’s holdings in iShares Bitcoin Trust were worth $80,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IBIT. Comerica Bank bought a new position in iShares Bitcoin Trust in the 1st quarter valued at $225,000. Wealth Enhancement Advisory Services LLC grew its holdings in iShares Bitcoin Trust by 3.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 87,072 shares of the company’s stock worth $2,973,000 after acquiring an additional 2,653 shares during the last quarter. Brookstone Capital Management grew its holdings in iShares Bitcoin Trust by 11.0% during the 2nd quarter. Brookstone Capital Management now owns 192,437 shares of the company’s stock worth $7,089,000 after acquiring an additional 19,051 shares during the last quarter. Gradient Investments LLC increased its position in iShares Bitcoin Trust by 42,832.1% in the 2nd quarter. Gradient Investments LLC now owns 24,042 shares of the company’s stock valued at $821,000 after acquiring an additional 23,986 shares in the last quarter. Finally, World Equity Group Inc. raised its stake in shares of iShares Bitcoin Trust by 35.9% in the second quarter. World Equity Group Inc. now owns 6,876 shares of the company’s stock worth $235,000 after acquiring an additional 1,815 shares during the last quarter.

iShares Bitcoin Trust Trading Up 1.7 %

Shares of IBIT stock opened at $57.91 on Friday. The firm’s 50 day moving average is $46.07 and its 200-day moving average is $39.18. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $59.16.

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.