Ranch Capital Advisors Inc. Reduces Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Ranch Capital Advisors Inc. decreased its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,602 shares of the company’s stock after selling 1,393 shares during the period. Ranch Capital Advisors Inc.’s holdings in iShares Bitcoin Trust were worth $828,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vienna Asset Management LLC increased its stake in iShares Bitcoin Trust by 131.6% during the 3rd quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock worth $963,000 after buying an additional 15,137 shares during the period. Garden State Investment Advisory Services LLC acquired a new position in iShares Bitcoin Trust during the 3rd quarter worth $656,000. Andina Capital Management LLC grew its holdings in iShares Bitcoin Trust by 131.0% during the 4th quarter. Andina Capital Management LLC now owns 17,152 shares of the company’s stock worth $910,000 after acquiring an additional 9,728 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in iShares Bitcoin Trust by 32.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock worth $1,357,000 after acquiring an additional 9,266 shares in the last quarter. Finally, Mutual Advisors LLC grew its holdings in iShares Bitcoin Trust by 65.8% during the 4th quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock worth $8,967,000 after acquiring an additional 62,338 shares in the last quarter.

iShares Bitcoin Trust Price Performance

Shares of IBIT stock opened at $49.43 on Monday. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75. The firm has a fifty day moving average of $54.78 and a two-hundred day moving average of $47.38.

iShares Bitcoin Trust 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.