iShares Bitcoin Trust ETF $IBIT Shares Sold by McElhenny Sheffield Capital Management LLC

McElhenny Sheffield Capital Management LLC reduced its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 62.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,874 shares of the company’s stock after selling 16,218 shares during the quarter. McElhenny Sheffield Capital Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $490,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Prime Capital Investment Advisors LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 64.5% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 59,999 shares of the company’s stock worth $2,979,000 after purchasing an additional 23,534 shares during the last quarter. Mainstream Capital Management LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 35.4% during the fourth quarter. Mainstream Capital Management LLC now owns 8,284 shares of the company’s stock worth $411,000 after purchasing an additional 2,166 shares during the last quarter. Woodmont Investment Counsel LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter worth $213,000. BIP Wealth LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 220.4% during the fourth quarter. BIP Wealth LLC now owns 27,207 shares of the company’s stock worth $1,351,000 after purchasing an additional 18,716 shares during the last quarter. Finally, FRG Family Wealth Advisors LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 8.8% during the fourth quarter. FRG Family Wealth Advisors LLC now owns 16,085 shares of the company’s stock worth $799,000 after purchasing an additional 1,295 shares during the last quarter.

iShares Bitcoin Trust ETF Price Performance

Shares of iShares Bitcoin Trust ETF stock opened at $40.42 on Thursday. The firm has a fifty day moving average price of $39.59 and a 200 day moving average price of $50.35. iShares Bitcoin Trust ETF has a 1 year low of $35.30 and a 1 year high of $71.82.

iShares Bitcoin Trust ETF 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.