iShares Bitcoin Trust ETF $IBIT Stock Position Reduced by Sageworth Trust Co

Sageworth Trust Co cut its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 17.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,108 shares of the company’s stock after selling 16,481 shares during the quarter. Sageworth Trust Co’s holdings in iShares Bitcoin Trust ETF were worth $3,792,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HighTower Advisors LLC increased its stake in iShares Bitcoin Trust ETF by 1.9% during the second quarter. HighTower Advisors LLC now owns 1,349,658 shares of the company’s stock worth $44,930,000 after purchasing an additional 24,674 shares during the period. Concurrent Investment Advisors LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 12.1% in the second quarter. Concurrent Investment Advisors LLC now owns 103,456 shares of the company’s stock valued at $3,444,000 after purchasing an additional 11,140 shares during the period. OceanIQ Capital LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the second quarter valued at approximately $816,000. Round Rock Advisors LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the second quarter valued at approximately $3,124,000. Finally, Broussard Financial Group LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 72.4% in the first quarter. Broussard Financial Group LLC now owns 70,478 shares of the company’s stock valued at $2,708,000 after purchasing an additional 29,588 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Up 2.9%

Shares of IBIT opened at $45.33 on Thursday. iShares Bitcoin Trust ETF has a fifty-two week low of $32.84 and a fifty-two week high of $60.36. The firm’s 50 day moving average price is $45.88 and its 200 day moving average price is $41.44.

iShares Bitcoin Trust ETF 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.