iShares Bitcoin Trust ETF $IBIT Stock: Quattro Financial Advisors LLC Cuts Stake

Quattro Financial Advisors LLC lowered its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 32.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 132,107 shares of the company’s stock after selling 64,869 shares during the quarter. iShares Bitcoin Trust ETF accounts for about 1.3% of Quattro Financial Advisors LLC’s investment portfolio, making the stock its 20th largest position. Quattro Financial Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $6,254,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in IBIT. Apella Capital LLC boosted its holdings in iShares Bitcoin Trust ETF by 1.4% in the 3rd quarter. Apella Capital LLC now owns 16,876 shares of the company’s stock worth $797,000 after buying an additional 241 shares during the period. TD Waterhouse Canada Inc. raised its holdings in iShares Bitcoin Trust ETF by 3.6% during the second quarter. TD Waterhouse Canada Inc. now owns 7,015 shares of the company’s stock valued at $238,000 after acquiring an additional 243 shares during the period. Retirement Planning Group LLC raised its holdings in iShares Bitcoin Trust ETF by 2.0% during the first quarter. Retirement Planning Group LLC now owns 12,783 shares of the company’s stock valued at $491,000 after acquiring an additional 245 shares during the period. Forum Financial Management LP raised its holdings in iShares Bitcoin Trust ETF by 1.8% during the first quarter. Forum Financial Management LP now owns 15,698 shares of the company’s stock valued at $603,000 after acquiring an additional 279 shares during the period. Finally, Wealth Preservation Advisors LLC raised its holdings in iShares Bitcoin Trust ETF by 13.8% during the fourth quarter. Wealth Preservation Advisors LLC now owns 2,303 shares of the company’s stock valued at $114,000 after acquiring an additional 280 shares during the period.

iShares Bitcoin Trust ETF Stock Up 0.8%

NASDAQ IBIT opened at $46.59 on Friday. The business has a 50-day moving average price of $44.08 and a 200-day moving average price of $40.90. iShares Bitcoin Trust ETF has a twelve month low of $32.84 and a twelve month high of $65.97.

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.