Independent Advisor Alliance Has $229,000 Stock Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Independent Advisor Alliance decreased its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 42.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 6,343 shares of the company’s stock after selling 4,627 shares during the period. Independent Advisor Alliance’s holdings in iShares Bitcoin Trust were worth $229,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Douglass Winthrop Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust during the 3rd quarter worth about $201,000. Pekin Hardy Strauss Inc. increased its position in shares of iShares Bitcoin Trust by 6.9% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 113,581 shares of the company’s stock worth $4,104,000 after purchasing an additional 7,348 shares in the last quarter. Summit Trail Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust during the 3rd quarter worth about $2,626,000. Centaurus Financial Inc. increased its position in shares of iShares Bitcoin Trust by 18.8% during the 3rd quarter. Centaurus Financial Inc. now owns 10,438 shares of the company’s stock worth $377,000 after purchasing an additional 1,655 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in shares of iShares Bitcoin Trust by 25.9% during the 3rd quarter. Larson Financial Group LLC now owns 18,649 shares of the company’s stock worth $674,000 after purchasing an additional 3,835 shares in the last quarter.

iShares Bitcoin Trust Trading Up 0.3 %

Shares of iShares Bitcoin Trust stock opened at $55.21 on Friday. The company has a 50-day simple moving average of $42.45 and a 200 day simple moving average of $38.07. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $56.86.

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.