iShares Bitcoin Trust (NASDAQ:IBIT) Shares Sold by Avondale Wealth Management

Avondale Wealth Management cut its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 15.0% in the fourth quarter, Holdings Channel reports. The firm owned 6,000 shares of the company’s stock after selling 1,055 shares during the period. Avondale Wealth Management’s holdings in iShares Bitcoin Trust were worth $318,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. PFG Investments LLC purchased a new stake in iShares Bitcoin Trust during the 2nd quarter valued at about $233,000. Choreo LLC purchased a new stake in iShares Bitcoin Trust in the second quarter valued at approximately $1,571,000. Headlands Technologies LLC increased its holdings in iShares Bitcoin Trust by 134.1% in the 2nd quarter. Headlands Technologies LLC now owns 16,326 shares of the company’s stock worth $557,000 after buying an additional 9,351 shares during the period. MGO One Seven LLC purchased a new position in iShares Bitcoin Trust during the 2nd quarter worth approximately $970,000. Finally, Johnson Investment Counsel Inc. lifted its stake in iShares Bitcoin Trust by 57.1% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 32,065 shares of the company’s stock valued at $1,095,000 after acquiring an additional 11,660 shares during the period.

iShares Bitcoin Trust Stock Up 0.4 %

Shares of IBIT stock traded up $0.20 during trading hours on Friday, hitting $53.54. The company’s stock had a trading volume of 19,513,473 shares, compared to its average volume of 40,374,254. The company has a 50 day moving average of $53.13 and a 200 day moving average of $41.53. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $61.75.

iShares Bitcoin Trust 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.