Addison Capital Co Trims Position in iShares Bitcoin Trust ETF $IBIT

Addison Capital Co decreased its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 7.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 196,402 shares of the company’s stock after selling 16,325 shares during the quarter. iShares Bitcoin Trust ETF comprises about 1.3% of Addison Capital Co’s investment portfolio, making the stock its 17th biggest position. Addison Capital Co’s holdings in iShares Bitcoin Trust ETF were worth $7,546,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in IBIT. Marshall & Sterling Wealth Advisors Inc. grew its holdings in iShares Bitcoin Trust ETF by 12,500.0% in the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock valued at $25,000 after purchasing an additional 500 shares during the period. Key Capital Management INC acquired a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter worth $26,000. Vermillion & White Wealth Management Group LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 637.5% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock worth $26,000 after buying an additional 459 shares during the last quarter. Sfam LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter worth $26,000. Finally, Anchor Investment Management LLC raised its position in shares of iShares Bitcoin Trust ETF by 210.3% in the 3rd quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock worth $29,000 after buying an additional 305 shares during the period.

iShares Bitcoin Trust ETF Price Performance

IBIT stock opened at $36.15 on Wednesday. The stock has a 50-day moving average price of $39.59 and a two-hundred day moving average price of $42.30. iShares Bitcoin Trust ETF has a 12-month low of $32.84 and a 12-month high of $71.82.

iShares Bitcoin Trust ETF Company 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.