SouthState Corp Sells 7,745 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

SouthState Corp cut its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 64.9% in the third quarter, HoldingsChannel.com reports. The fund owned 4,181 shares of the company’s stock after selling 7,745 shares during the period. SouthState Corp’s holdings in iShares Bitcoin Trust were worth $151,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of IBIT. Marathon Trading Investment Management LLC increased its holdings in iShares Bitcoin Trust by 238.4% during the 3rd quarter. Marathon Trading Investment Management LLC now owns 77,600 shares of the company’s stock worth $2,804,000 after purchasing an additional 54,671 shares in the last quarter. Paragon Advisors LLC lifted its stake in iShares Bitcoin Trust by 54.8% in the third quarter. Paragon Advisors LLC now owns 458,111 shares of the company’s stock valued at $16,552,000 after acquiring an additional 162,178 shares during the last quarter. Private Advisor Group LLC lifted its stake in iShares Bitcoin Trust by 117.9% in the 3rd quarter. Private Advisor Group LLC now owns 335,820 shares of the company’s stock valued at $12,133,000 after purchasing an additional 181,700 shares during the last quarter. Lifeworks Advisors LLC boosted its stake in shares of iShares Bitcoin Trust by 22.9% during the 3rd quarter. Lifeworks Advisors LLC now owns 111,383 shares of the company’s stock worth $4,024,000 after acquiring an additional 20,746 shares during the period. Finally, IMC Chicago LLC acquired a new position in shares of iShares Bitcoin Trust in the third quarter valued at $323,337,000.

iShares Bitcoin Trust Stock Up 1.1 %

iShares Bitcoin Trust stock opened at $52.70 on Wednesday. The stock’s 50 day moving average is $38.78 and its 200-day moving average is $36.91. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $53.66.

About iShares Bitcoin Trust

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.