Sovran Advisors LLC Sells 159,806 Shares of iShares Bitcoin Trust ETF $IBIT

Sovran Advisors LLC reduced its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 49.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 160,753 shares of the company’s stock after selling 159,806 shares during the period. Sovran Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $6,176,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of IBIT. Anchor Investment Management LLC lifted its position in iShares Bitcoin Trust ETF by 210.3% during the 3rd quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock worth $29,000 after acquiring an additional 305 shares during the last quarter. Semmax Financial Advisors Inc. increased its stake in shares of iShares Bitcoin Trust ETF by 135.9% in the second quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after purchasing an additional 284 shares during the period. Marshall & Sterling Wealth Advisors Inc. lifted its position in shares of iShares Bitcoin Trust ETF by 12,500.0% during the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares during the last quarter. Sfam LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter worth about $26,000. Finally, Key Capital Management INC bought a new stake in iShares Bitcoin Trust ETF during the 4th quarter valued at approximately $26,000.

iShares Bitcoin Trust ETF Stock Performance

IBIT traded up $0.42 during midday trading on Friday, reaching $36.23. The company’s stock had a trading volume of 30,657,459 shares, compared to its average volume of 55,435,195. The company has a fifty day simple moving average of $39.14 and a 200 day simple moving average of $42.07. iShares Bitcoin Trust ETF has a twelve month low of $32.84 and a twelve month high of $71.82.

iShares Bitcoin Trust ETF 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.