iShares Bitcoin Trust (NASDAQ:IBIT) Shares Sold by Financial Sense Advisors Inc.

Financial Sense Advisors Inc. lowered its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 627,469 shares of the company’s stock after selling 20,871 shares during the period. iShares Bitcoin Trust comprises 11.0% of Financial Sense Advisors Inc.’s investment portfolio, making the stock its 2nd biggest position. Financial Sense Advisors Inc. owned approximately 0.10% of iShares Bitcoin Trust worth $33,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in IBIT. Creative Planning lifted its position in shares of iShares Bitcoin Trust by 0.9% during the 3rd quarter. Creative Planning now owns 186,104 shares of the company’s stock worth $6,724,000 after purchasing an additional 1,632 shares during the last quarter. Stratos Wealth Advisors LLC acquired a new stake in iShares Bitcoin Trust in the third quarter valued at $241,000. Venture Visionary Partners LLC purchased a new stake in iShares Bitcoin Trust during the 3rd quarter worth about $350,000. Sequoia Financial Advisors LLC boosted its position in shares of iShares Bitcoin Trust by 46.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 31,024 shares of the company’s stock worth $1,121,000 after acquiring an additional 9,902 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of iShares Bitcoin Trust by 117.9% in the 3rd quarter. Private Advisor Group LLC now owns 335,820 shares of the company’s stock valued at $12,133,000 after acquiring an additional 181,700 shares during the last quarter.

iShares Bitcoin Trust Stock Performance

IBIT stock opened at $54.65 on Thursday. The business has a 50 day moving average price of $56.17 and a 200 day moving average price of $45.84. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two 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.