BigSur Wealth Management LLC Sells 49,512 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

BigSur Wealth Management LLC trimmed its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 50.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,035 shares of the company’s stock after selling 49,512 shares during the period. BigSur Wealth Management LLC’s holdings in iShares Bitcoin Trust were worth $2,548,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strong Tower Advisory Services boosted its position in shares of iShares Bitcoin Trust by 4.0% during the fourth quarter. Strong Tower Advisory Services now owns 293,705 shares of the company’s stock valued at $15,581,000 after buying an additional 11,379 shares during the period. City Holding Co. lifted its stake in shares of iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after acquiring an additional 238 shares during the last quarter. RoundAngle Advisors LLC purchased a new position in iShares Bitcoin Trust during the 4th quarter valued at $1,352,000. Ariose Capital Management Ltd bought a new position in iShares Bitcoin Trust in the 4th quarter valued at $4,690,000. Finally, Evanson Asset Management LLC purchased a new stake in iShares Bitcoin Trust in the fourth quarter worth $290,000.

iShares Bitcoin Trust Price Performance

Shares of IBIT opened at $59.62 on Monday. The firm has a fifty day moving average price of $54.88 and a 200-day moving average price of $42.51. 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.