Compass Capital Corp MA ADV Reduces Stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT)

Compass Capital Corp MA ADV lowered its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 5.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 38,220 shares of the company’s stock after selling 2,011 shares during the quarter. iShares Bitcoin Trust ETF accounts for about 1.0% of Compass Capital Corp MA ADV’s investment portfolio, making the stock its 29th biggest holding. Compass Capital Corp MA ADV’s holdings in iShares Bitcoin Trust ETF were worth $1,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Vision Financial Markets LLC purchased a new position in iShares Bitcoin Trust ETF in the fourth quarter worth about $25,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter worth approximately $28,000. Graney & King LLC bought a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter worth approximately $31,000. IAG Wealth Partners LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter worth approximately $32,000. Finally, New England Capital Financial Advisors LLC bought a new stake in iShares Bitcoin Trust ETF during the fourth quarter valued at approximately $32,000.

iShares Bitcoin Trust ETF Stock Down 0.9%

Shares of IBIT stock opened at $58.97 on Thursday. iShares Bitcoin Trust ETF has a 12 month low of $28.23 and a 12 month high of $63.70. The company has a 50 day simple moving average of $56.72 and a two-hundred day simple moving average of $54.35.

iShares Bitcoin Trust ETF 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.