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

Dakota Wealth Management decreased its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 24.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,442 shares of the company’s stock after selling 14,976 shares during the period. Dakota Wealth Management’s holdings in iShares Bitcoin Trust were worth $2,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Union Savings Bank acquired a new position in shares of iShares Bitcoin Trust during the 4th quarter worth about $25,000. City Holding Co. raised its holdings in shares of iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after acquiring an additional 238 shares during the last quarter. Asset Dedication LLC lifted its position 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 acquiring an additional 279 shares in the last quarter. PSI Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust in the fourth quarter worth approximately $30,000. Finally, Glass Jacobson Investment Advisors llc increased its position in shares of 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 in the last quarter.

iShares Bitcoin Trust Stock Performance

Shares of IBIT stock opened at $59.38 on Thursday. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $61.75. The stock’s fifty day moving average is $55.27 and its two-hundred day moving average is $42.89.

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.