Empowered Funds LLC Decreases Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Empowered Funds LLC decreased its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 7.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 58,619 shares of the company’s stock after selling 4,981 shares during the period. Empowered Funds LLC’s holdings in iShares Bitcoin Trust were worth $3,110,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vienna Asset Management LLC boosted its position in iShares Bitcoin Trust by 131.6% during the third quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock valued at $963,000 after buying an additional 15,137 shares during the period. Garden State Investment Advisory Services LLC purchased a new stake in iShares Bitcoin Trust during the 3rd quarter valued at about $656,000. Andina Capital Management LLC grew its position 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 during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in iShares Bitcoin Trust by 32.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock worth $1,357,000 after purchasing an additional 9,266 shares during the period. Finally, Mutual Advisors LLC lifted its position in iShares Bitcoin Trust by 65.8% in the fourth quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock valued at $8,967,000 after purchasing an additional 62,338 shares during the last quarter.

iShares Bitcoin Trust Price Performance

NASDAQ:IBIT opened at $54.74 on Friday. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75. The business has a 50 day moving average price of $56.33 and a 200-day moving average price of $45.22.

iShares Bitcoin Trust Company 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.