iShares Bitcoin Trust ETF $IBIT Shares Sold by BCS Wealth Management

BCS Wealth Management trimmed its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 56.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,527 shares of the company’s stock after selling 15,155 shares during the period. BCS Wealth Management’s holdings in iShares Bitcoin Trust ETF were worth $443,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Steph & Co. acquired a new stake in iShares Bitcoin Trust ETF during the 1st quarter worth $37,000. Legacy Wealth Partners LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 13.4% in the first quarter. Legacy Wealth Partners LLC now owns 7,885 shares of the company’s stock worth $303,000 after buying an additional 934 shares in the last quarter. First City Capital Management Inc. lifted its stake in shares of iShares Bitcoin Trust ETF by 18.6% in the first quarter. First City Capital Management Inc. now owns 5,731 shares of the company’s stock worth $220,000 after buying an additional 900 shares in the last quarter. Wealth Management Partners LLC boosted its position in iShares Bitcoin Trust ETF by 22.4% during the first quarter. Wealth Management Partners LLC now owns 8,015 shares of the company’s stock worth $308,000 after acquiring an additional 1,469 shares during the last quarter. Finally, Discipline Wealth Solutions LLC boosted its position in iShares Bitcoin Trust ETF by 54.1% during the first quarter. Discipline Wealth Solutions LLC now owns 17,675 shares of the company’s stock worth $679,000 after acquiring an additional 6,206 shares during the last quarter.

iShares Bitcoin Trust ETF Trading Down 4.1%

IBIT stock opened at $33.87 on Thursday. The firm has a 50-day moving average of $41.17 and a two-hundred day moving average of $43.33. iShares Bitcoin Trust ETF has a 12 month low of $33.41 and a 12 month 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.