iShares Bitcoin Trust ETF $IBIT Shares Sold by Fairbanks Capital Management Inc.

Fairbanks Capital Management Inc. decreased its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 39.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,323 shares of the company’s stock after selling 25,110 shares during the quarter. Fairbanks Capital Management Inc.’s holdings in iShares Bitcoin Trust ETF were worth $1,472,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Marshall & Sterling Wealth Advisors Inc. raised its holdings in iShares Bitcoin Trust ETF by 12,500.0% during the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares during the last quarter. Key Capital Management INC acquired a new stake in iShares Bitcoin Trust ETF in the fourth quarter valued at $26,000. Vermillion & White Wealth Management Group LLC grew its holdings in iShares Bitcoin Trust ETF by 637.5% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock valued at $26,000 after purchasing an additional 459 shares during the last quarter. Sfam LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at $26,000. Finally, Semmax Financial Advisors Inc. increased its position in shares of iShares Bitcoin Trust ETF by 135.9% in the second quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock valued at $33,000 after buying an additional 284 shares in the last quarter.

iShares Bitcoin Trust ETF Trading Down 0.9%

iShares Bitcoin Trust ETF stock opened at $37.34 on Thursday. The firm’s 50-day simple moving average is $37.73 and its 200 day simple moving average is $41.28. iShares Bitcoin Trust ETF has a 52 week low of $32.84 and a 52 week 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.