Bogart Wealth LLC Reduces Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Bogart Wealth LLC trimmed its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 16.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,923 shares of the company’s stock after selling 390 shares during the quarter. Bogart Wealth LLC’s holdings in iShares Bitcoin Trust were worth $102,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Union Savings Bank purchased a new position in iShares Bitcoin Trust during the fourth quarter worth $25,000. City Holding Co. boosted its stake in iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after buying an additional 238 shares during the period. Stephens Consulting LLC lifted its position in shares of iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after purchasing an additional 189 shares during the last quarter. Crewe Advisors LLC lifted its position in shares of iShares Bitcoin Trust by 151.0% during the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after purchasing an additional 302 shares during the last quarter. Finally, PSI Advisors LLC bought a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth $30,000.

iShares Bitcoin Trust Trading Up 1.1 %

NASDAQ:IBIT opened at $55.33 on Friday. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month high of $61.75. The stock has a fifty day simple moving average of $56.30 and a 200-day simple moving average of $45.28.

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.