iShares Bitcoin Trust ETF $IBIT Shares Sold by SVB Wealth LLC

SVB Wealth LLC cut its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 80.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,739 shares of the company’s stock after selling 35,142 shares during the quarter. SVB Wealth LLC’s holdings in iShares Bitcoin Trust ETF were worth $535,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the stock. Signature Resources Capital Management LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 81.6% in the second quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock worth $27,000 after acquiring an additional 200 shares during the last quarter. TD Capital Management LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 48.9% during the first quarter. TD Capital Management LLC now owns 636 shares of the company’s stock valued at $30,000 after buying an additional 209 shares during the period. RMG Wealth Management LLC acquired a new stake in iShares Bitcoin Trust ETF during the second quarter worth approximately $30,000. JFS Wealth Advisors LLC raised its holdings in iShares Bitcoin Trust ETF by 1,277.1% in the 2nd quarter. JFS Wealth Advisors LLC now owns 482 shares of the company’s stock valued at $30,000 after acquiring an additional 447 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares Bitcoin Trust ETF by 261.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 730 shares of the company’s stock worth $34,000 after purchasing an additional 528 shares during the period.

iShares Bitcoin Trust ETF Stock Up 2.6%

Shares of NASDAQ:IBIT opened at $52.85 on Wednesday. The business has a fifty day simple moving average of $58.77 and a 200-day simple moving average of $61.93. iShares Bitcoin Trust ETF has a 52 week low of $42.98 and a 52 week high of $71.82.

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.