iShares Bitcoin Trust (NASDAQ:IBIT) Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. lessened its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 32.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,220 shares of the company’s stock after selling 7,765 shares during the period. Wedbush Securities Inc.’s holdings in iShares Bitcoin Trust were worth $554,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bracebridge Capital LLC purchased a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at approximately $100,639,000. Titan Global Capital Management USA LLC purchased a new position in iShares Bitcoin Trust in the 1st quarter valued at $65,558,000. Murchinson Ltd. acquired a new position in iShares Bitcoin Trust in the 1st quarter valued at $35,531,000. Hunting Hill Global Capital LLC purchased a new position in iShares Bitcoin Trust during the 2nd quarter worth $25,614,000. Finally, Monolith Management Ltd acquired a new stake in shares of iShares Bitcoin Trust in the 1st quarter worth $24,416,000.

iShares Bitcoin Trust Trading Up 1.4 %

Shares of iShares Bitcoin Trust stock opened at $33.25 on Friday. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $41.99. The company’s 50-day simple moving average is $34.48 and its 200-day simple moving average is $36.40.

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.