Ranch Capital Advisors Inc. Cuts Stock Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Ranch Capital Advisors Inc. lowered its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,602 shares of the company’s stock after selling 1,393 shares during the period. Ranch Capital Advisors Inc.’s holdings in iShares Bitcoin Trust were worth $828,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of IBIT. Proficio Capital Partners LLC raised its stake in shares of iShares Bitcoin Trust by 6,401.8% in the 4th quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock valued at $246,430,000 after acquiring an additional 4,573,794 shares during the period. NINE MASTS CAPITAL Ltd raised its stake in shares of iShares Bitcoin Trust by 29.6% in the 4th quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company’s stock valued at $80,541,000 after acquiring an additional 346,918 shares during the period. Horizon Kinetics Asset Management LLC raised its stake in shares of iShares Bitcoin Trust by 11.9% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 805,803 shares of the company’s stock valued at $29,114,000 after acquiring an additional 85,763 shares during the period. Parallax Volatility Advisers L.P. raised its stake in shares of iShares Bitcoin Trust by 127.6% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock valued at $23,846,000 after acquiring an additional 370,000 shares during the period. Finally, Clear Street Derivatives LLC purchased a new position in shares of iShares Bitcoin Trust in the 3rd quarter valued at $23,686,000.

iShares Bitcoin Trust Price Performance

Shares of IBIT stock opened at $49.43 on Monday. The company’s fifty day simple moving average is $54.78 and its 200-day simple moving average is $47.38. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75.

About iShares Bitcoin Trust

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.