Cannon Global Investment Management LLC Lowers Stock Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Cannon Global Investment Management LLC cut its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 22.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,500 shares of the company’s stock after selling 1,300 shares during the quarter. Cannon Global Investment Management LLC’s holdings in iShares Bitcoin Trust were worth $239,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Stephens Consulting LLC increased its holdings in iShares Bitcoin Trust by 62.8% in the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after acquiring an additional 189 shares in the last quarter. AlphaMark Advisors LLC raised its position in shares of iShares Bitcoin Trust by 8.9% during the 4th quarter. AlphaMark Advisors LLC now owns 2,455 shares of the company’s stock worth $130,000 after purchasing an additional 200 shares during the last quarter. Pathway Financial Advisers LLC lifted its stake in iShares Bitcoin Trust by 52.9% in the 4th quarter. Pathway Financial Advisers LLC now owns 665 shares of the company’s stock valued at $35,000 after buying an additional 230 shares in the last quarter. SouthState Corp boosted its holdings in iShares Bitcoin Trust by 5.5% in the 4th quarter. SouthState Corp now owns 4,411 shares of the company’s stock worth $234,000 after buying an additional 230 shares during the last quarter. Finally, Mosley Wealth Management increased its stake in iShares Bitcoin Trust by 2.5% during the 4th quarter. Mosley Wealth Management now owns 9,341 shares of the company’s stock worth $496,000 after buying an additional 231 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

NASDAQ IBIT opened at $47.70 on Monday. The stock’s 50 day simple moving average is $53.33 and its 200-day simple moving average is $48.29. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75.

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.