Magnus Financial Group LLC Reduces Stake in iShares Bitcoin Trust ETF $IBIT

Magnus Financial Group LLC trimmed its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 11.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 307,817 shares of the company’s stock after selling 40,146 shares during the quarter. iShares Bitcoin Trust ETF comprises approximately 1.2% of Magnus Financial Group LLC’s portfolio, making the stock its 19th biggest position. Magnus Financial Group LLC’s holdings in iShares Bitcoin Trust ETF were worth $15,283,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sachetta LLC lifted its position in shares of iShares Bitcoin Trust ETF by 793.0% during the 3rd quarter. Sachetta LLC now owns 384 shares of the company’s stock worth $25,000 after buying an additional 341 shares during the last quarter. Chapman Financial Group LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the 3rd quarter valued at $25,000. Anchor Investment Management LLC raised its stake in iShares Bitcoin Trust ETF by 210.3% during the 3rd quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock worth $29,000 after acquiring an additional 305 shares in the last quarter. Roble Belko & Company Inc raised its stake in iShares Bitcoin Trust ETF by 77.2% during the 3rd quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares in the last quarter. Finally, Financial Life Planners purchased a new stake in iShares Bitcoin Trust ETF in the third quarter valued at $31,000.

iShares Bitcoin Trust ETF Stock Performance

NASDAQ IBIT opened at $39.78 on Friday. The company has a fifty day moving average of $43.03 and a two-hundred day moving average of $52.70. iShares Bitcoin Trust ETF has a 1 year low of $35.30 and a 1 year high of $71.82.

About iShares Bitcoin Trust ETF

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.