iShares Bitcoin Trust (NASDAQ:IBIT) Shares Sold by IvyRock Asset Management HK Ltd

IvyRock Asset Management HK Ltd reduced its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 14.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 612,600 shares of the company’s stock after selling 105,000 shares during the period. iShares Bitcoin Trust accounts for approximately 14.3% of IvyRock Asset Management HK Ltd’s investment portfolio, making the stock its 2nd biggest position. IvyRock Asset Management HK Ltd owned approximately 0.09% of iShares Bitcoin Trust worth $32,498,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Stephens Consulting LLC lifted its position in iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after purchasing an additional 189 shares during the period. AlphaMark Advisors LLC lifted its holdings in shares of iShares Bitcoin Trust by 8.9% during the 4th quarter. AlphaMark Advisors LLC now owns 2,455 shares of the company’s stock worth $130,000 after acquiring an additional 200 shares during the period. Pathway Financial Advisers LLC boosted its position in shares of iShares Bitcoin Trust by 52.9% during the 4th quarter. Pathway Financial Advisers LLC now owns 665 shares of the company’s stock worth $35,000 after acquiring an additional 230 shares in the last quarter. SouthState Corp increased its stake in iShares Bitcoin Trust by 5.5% in the fourth quarter. SouthState Corp now owns 4,411 shares of the company’s stock valued at $234,000 after acquiring an additional 230 shares during the last quarter. Finally, Mosley Wealth Management increased its holdings in iShares Bitcoin Trust by 2.5% in the 4th quarter. Mosley Wealth Management now owns 9,341 shares of the company’s stock worth $496,000 after purchasing an additional 231 shares in the last quarter.

iShares Bitcoin Trust Price Performance

Shares of IBIT stock opened at $50.18 on Tuesday. The business’s 50-day moving average price is $53.27 and its 200-day moving average price is $48.42. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month 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.