Dakota Wealth Management Reduces Stock Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Dakota Wealth Management lessened its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 24.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,442 shares of the company’s stock after selling 14,976 shares during the quarter. Dakota Wealth Management’s holdings in iShares Bitcoin Trust were worth $2,464,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IBIT. Union Savings Bank acquired a new stake in shares of iShares Bitcoin Trust in the 4th quarter worth $25,000. City Holding Co. grew its holdings in shares of iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after purchasing an additional 238 shares during the period. Asset Dedication LLC grew its holdings in shares of iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after purchasing an additional 279 shares during the period. PSI Advisors LLC acquired a new stake in iShares Bitcoin Trust during the fourth quarter worth about $30,000. Finally, Glass Jacobson Investment Advisors llc raised its stake in iShares Bitcoin Trust by 40.2% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock worth $38,000 after purchasing an additional 304 shares during the period.

iShares Bitcoin Trust Price Performance

iShares Bitcoin Trust stock opened at $59.38 on Thursday. The firm has a 50 day simple moving average of $55.27 and a 200-day simple moving average of $42.89. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year 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.