Verdence Capital Advisors LLC Sells 2,874 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Verdence Capital Advisors LLC decreased its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 35.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,281 shares of the company’s stock after selling 2,874 shares during the period. Verdence Capital Advisors LLC’s holdings in iShares Bitcoin Trust were worth $280,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in IBIT. Vienna Asset Management LLC boosted its stake in iShares Bitcoin Trust by 131.6% in the 3rd quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock worth $963,000 after purchasing an additional 15,137 shares during the period. Garden State Investment Advisory Services LLC purchased a new position in shares of iShares Bitcoin Trust in the third quarter worth $656,000. Andina Capital Management LLC boosted its position in shares of iShares Bitcoin Trust by 131.0% during the fourth quarter. Andina Capital Management LLC now owns 17,152 shares of the company’s stock worth $910,000 after acquiring an additional 9,728 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in iShares Bitcoin Trust by 32.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock valued at $1,357,000 after acquiring an additional 9,266 shares in the last quarter. Finally, Mutual Advisors LLC increased its holdings in iShares Bitcoin Trust by 65.8% in the 4th quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock valued at $8,967,000 after acquiring an additional 62,338 shares during the last quarter.

iShares Bitcoin Trust Price Performance

IBIT opened at $49.43 on Friday. The firm has a 50-day simple moving average of $54.78 and a two-hundred day simple moving average of $47.20. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75.

iShares Bitcoin Trust 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.