Forte Asset Management LLC Sells 40,584 Shares of iShares Bitcoin Trust ETF $IBIT

Forte Asset Management LLC trimmed its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 24.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 124,186 shares of the company’s stock after selling 40,584 shares during the period. iShares Bitcoin Trust ETF makes up about 2.4% of Forte Asset Management LLC’s investment portfolio, making the stock its 14th biggest position. Forte Asset Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $5,879,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Al Warda Investments RSC Ltd grew its stake in iShares Bitcoin Trust ETF by 3.2% in the 4th quarter. Al Warda Investments RSC Ltd now owns 8,218,712 shares of the company’s stock worth $408,059,000 after acquiring an additional 255,319 shares in the last quarter. 59 North Capital Management LP raised its stake in shares of iShares Bitcoin Trust ETF by 50.7% during the fourth quarter. 59 North Capital Management LP now owns 3,921,034 shares of the company’s stock valued at $194,679,000 after acquiring an additional 1,319,501 shares in the last quarter. NEOS Investment Management LLC raised its stake in shares of iShares Bitcoin Trust ETF by 55.4% during the second quarter. NEOS Investment Management LLC now owns 5,424,563 shares of the company’s stock valued at $180,584,000 after acquiring an additional 1,933,888 shares in the last quarter. Walleye Capital LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 332.4% in the first quarter. Walleye Capital LLC now owns 4,317,555 shares of the company’s stock valued at $165,880,000 after purchasing an additional 3,319,115 shares during the period. Finally, Mariner Investment Group LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 6.5% in the fourth quarter. Mariner Investment Group LLC now owns 2,146,536 shares of the company’s stock valued at $106,576,000 after purchasing an additional 131,442 shares during the period.

iShares Bitcoin Trust ETF Trading Up 0.6%

Shares of NASDAQ IBIT opened at $47.13 on Wednesday. iShares Bitcoin Trust ETF has a 52-week low of $32.84 and a 52-week high of $65.97. The stock has a 50 day moving average price of $43.69 and a 200 day moving average price of $40.78.

About iShares Bitcoin Trust ETF

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.