iShares Bitcoin Trust (NASDAQ:IBIT) Shares Sold by Fortis Capital Management LLC

Fortis Capital Management LLC reduced its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 12.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,174 shares of the company’s stock after selling 1,345 shares during the period. Fortis Capital Management LLC’s holdings in iShares Bitcoin Trust were worth $331,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets bought a new position in shares of iShares Bitcoin Trust during the first quarter worth about $42,000. Atomi Financial Group Inc. acquired a new position in shares of iShares Bitcoin Trust in the 1st quarter worth approximately $224,000. Concurrent Investment Advisors LLC acquired a new position in shares of iShares Bitcoin Trust in the 1st quarter worth approximately $271,000. US Bancorp DE bought a new stake in shares of iShares Bitcoin Trust in the 1st quarter valued at approximately $7,227,000. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at approximately $1,403,000.

iShares Bitcoin Trust Stock Down 0.0 %

iShares Bitcoin Trust stock opened at $51.04 on Thursday. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $53.26. The company has a fifty day moving average price of $37.24 and a two-hundred day moving average price of $36.42.

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.