Cambridge Financial Group LLC Sells 18,012 Shares of iShares Bitcoin Trust ETF $IBIT

Cambridge Financial Group LLC cut its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 74.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,065 shares of the company’s stock after selling 18,012 shares during the quarter. Cambridge Financial Group LLC’s holdings in iShares Bitcoin Trust ETF were worth $306,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBIT. StoneX Group Inc. grew its stake in shares of iShares Bitcoin Trust ETF by 41.2% in the 2nd quarter. StoneX Group Inc. now owns 71,076 shares of the company’s stock valued at $4,347,000 after purchasing an additional 20,755 shares during the period. Caprock Group LLC bought a new position in shares of iShares Bitcoin Trust ETF during the 3rd quarter worth approximately $1,536,000. Finer Wealth Management Inc. boosted its stake in iShares Bitcoin Trust ETF by 136.2% in the 2nd quarter. Finer Wealth Management Inc. now owns 39,668 shares of the company’s stock valued at $2,428,000 after buying an additional 22,872 shares in the last quarter. Kingstone Capital Partners Texas LLC boosted its stake in iShares Bitcoin Trust ETF by 50.6% in the 3rd quarter. Kingstone Capital Partners Texas LLC now owns 64,924 shares of the company’s stock valued at $4,220,000 after buying an additional 21,815 shares in the last quarter. Finally, Calamos Wealth Management LLC grew its position in iShares Bitcoin Trust ETF by 81.0% in the third quarter. Calamos Wealth Management LLC now owns 49,258 shares of the company’s stock valued at $3,202,000 after acquiring an additional 22,045 shares during the period.

iShares Bitcoin Trust ETF Trading Up 0.7%

iShares Bitcoin Trust ETF stock opened at $40.05 on Tuesday. The stock has a fifty day moving average price of $42.79 and a two-hundred day moving average price of $52.46. iShares Bitcoin Trust ETF has a 52-week low of $35.30 and a 52-week high of $71.82.

iShares Bitcoin Trust ETF 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.