Avondale Wealth Management Lowers Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Avondale Wealth Management cut its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 15.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,000 shares of the company’s stock after selling 1,055 shares during the quarter. Avondale Wealth Management’s holdings in iShares Bitcoin Trust were worth $318,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Vienna Asset Management LLC grew its stake in iShares Bitcoin Trust by 131.6% in the third quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock valued at $963,000 after purchasing an additional 15,137 shares during the last quarter. Garden State Investment Advisory Services LLC purchased a new position in shares of iShares Bitcoin Trust in the 3rd quarter worth approximately $656,000. B. Riley Wealth Advisors Inc. raised its stake in shares of iShares Bitcoin Trust by 32.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock worth $1,357,000 after acquiring an additional 9,266 shares in the last quarter. Capstone Investment Advisors LLC purchased a new stake in iShares Bitcoin Trust during the third quarter valued at approximately $11,507,000. Finally, Marathon Trading Investment Management LLC boosted its stake in iShares Bitcoin Trust by 238.4% in the third quarter. Marathon Trading Investment Management LLC now owns 77,600 shares of the company’s stock valued at $2,804,000 after acquiring an additional 54,671 shares in the last quarter.

iShares Bitcoin Trust Price Performance

NASDAQ IBIT traded up $0.20 on Friday, hitting $53.54. The stock had a trading volume of 19,513,473 shares, compared to its average volume of 40,374,254. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $61.75. The business’s fifty day moving average price is $53.13 and its 200 day moving average price is $41.53.

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.