Glaxis Capital Management LLC Sells 5,500 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Glaxis Capital Management LLC lowered its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 10.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 49,500 shares of the company’s stock after selling 5,500 shares during the period. iShares Bitcoin Trust makes up about 7.2% of Glaxis Capital Management LLC’s holdings, making the stock its 4th biggest holding. Glaxis Capital Management LLC’s holdings in iShares Bitcoin Trust were worth $2,626,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Moors & Cabot Inc. lifted its stake in shares of iShares Bitcoin Trust by 13.7% in the 4th quarter. Moors & Cabot Inc. now owns 134,009 shares of the company’s stock valued at $7,109,000 after purchasing an additional 16,141 shares during the period. Cascade Financial Partners LLC acquired a new position in shares of iShares Bitcoin Trust in the 4th quarter valued at $262,000. Cushing Capital Partners LLC acquired a new position in shares of iShares Bitcoin Trust in the 4th quarter valued at $302,000. Miller Financial Services LLC acquired a new position in shares of iShares Bitcoin Trust in the 4th quarter valued at $240,000. Finally, O Dell Group LLC acquired a new stake in iShares Bitcoin Trust during the 4th quarter worth $213,000.

iShares Bitcoin Trust Stock Up 5.2 %

Shares of iShares Bitcoin Trust stock opened at $47.24 on Wednesday. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75. The stock’s fifty day simple moving average is $54.49 and its 200 day simple moving average is $47.53.

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.