Epiq Partners LLC Reduces Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Epiq Partners LLC cut its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 10.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 102,205 shares of the company’s stock after selling 12,522 shares during the quarter. iShares Bitcoin Trust comprises about 2.9% of Epiq Partners LLC’s holdings, making the stock its 12th largest position. Epiq Partners LLC’s holdings in iShares Bitcoin Trust were worth $5,422,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of IBIT. Union Savings Bank bought a new stake in iShares Bitcoin Trust during the fourth quarter worth about $25,000. City Holding Co. increased its holdings in iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after purchasing an additional 238 shares during the period. Asset Dedication LLC lifted its stake in iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after acquiring an additional 279 shares during the period. PSI Advisors LLC bought a new stake in shares of iShares Bitcoin Trust during the 4th quarter valued at about $30,000. Finally, Glass Jacobson Investment Advisors llc grew its holdings in shares of iShares Bitcoin Trust by 40.2% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock worth $38,000 after acquiring an additional 304 shares during the period.

iShares Bitcoin Trust Stock Down 3.1 %

NASDAQ:IBIT opened at $57.85 on Tuesday. The firm’s 50-day moving average price is $55.77 and its 200-day moving average price is $43.45. iShares Bitcoin Trust has a 1-year low of $23.88 and a 1-year high of $61.75.

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.