London & Capital Asset Management Ltd Sells 67,829 Shares of iShares Bitcoin Trust ETF $IBIT

London & Capital Asset Management Ltd decreased its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 85.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,807 shares of the company’s stock after selling 67,829 shares during the period. London & Capital Asset Management Ltd’s holdings in iShares Bitcoin Trust ETF were worth $767,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sachetta LLC lifted its holdings in iShares Bitcoin Trust ETF by 793.0% during the 3rd quarter. Sachetta LLC now owns 384 shares of the company’s stock worth $25,000 after buying an additional 341 shares during the period. Roble Belko & Company Inc increased its stake in shares of iShares Bitcoin Trust ETF by 77.2% in the third quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the period. Highline Wealth Partners LLC raised its position in shares of iShares Bitcoin Trust ETF by 150.0% during the third quarter. Highline Wealth Partners LLC now owns 500 shares of the company’s stock worth $32,000 after acquiring an additional 300 shares during the last quarter. Semmax Financial Advisors Inc. raised its position in shares of iShares Bitcoin Trust ETF by 135.9% during the second quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after acquiring an additional 284 shares during the last quarter. Finally, WFA of San Diego LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the second quarter worth approximately $34,000.

iShares Bitcoin Trust ETF Trading Down 2.8%

Shares of IBIT stock opened at $37.19 on Monday. The business’s 50 day simple moving average is $46.16 and its 200 day simple moving average is $55.15. iShares Bitcoin Trust ETF has a one year low of $35.30 and a one year high of $71.82.

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.