iShares Bitcoin Trust ETF $IBIT Stock Holdings Trimmed by Palumbo Wealth Management LLC

Palumbo Wealth Management LLC reduced its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 64.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,616 shares of the company’s stock after selling 91,431 shares during the quarter. Palumbo Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,513,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Balance Wealth LLC increased its holdings in iShares Bitcoin Trust ETF by 40.9% in the fourth quarter. Balance Wealth LLC now owns 5,768 shares of the company’s stock valued at $286,000 after buying an additional 1,674 shares during the last quarter. Perfromance Wealth Partners LLC increased its holdings in iShares Bitcoin Trust ETF by 26.8% in the fourth quarter. Perfromance Wealth Partners LLC now owns 7,209 shares of the company’s stock valued at $358,000 after buying an additional 1,523 shares during the last quarter. Indiana Trust & Investment Management Co increased its holdings in iShares Bitcoin Trust ETF by 51.2% in the fourth quarter. Indiana Trust & Investment Management Co now owns 2,955 shares of the company’s stock valued at $147,000 after buying an additional 1,000 shares during the last quarter. Finer Wealth Management Inc. increased its holdings in iShares Bitcoin Trust ETF by 26.4% in the fourth quarter. Finer Wealth Management Inc. now owns 56,426 shares of the company’s stock valued at $2,802,000 after buying an additional 11,802 shares during the last quarter. Finally, William Howard & Co Financial Advisors Inc increased its holdings in iShares Bitcoin Trust ETF by 12.0% in the fourth quarter. William Howard & Co Financial Advisors Inc now owns 4,076 shares of the company’s stock valued at $202,000 after buying an additional 438 shares during the last quarter.

iShares Bitcoin Trust ETF Price Performance

Shares of iShares Bitcoin Trust ETF stock opened at $39.10 on Wednesday. iShares Bitcoin Trust ETF has a fifty-two week low of $35.30 and a fifty-two week high of $71.82. The business has a 50-day moving average price of $39.79 and a 200 day moving average price of $50.42.

About iShares Bitcoin Trust ETF

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.