Paragon Advisors LLC Sells 360,288 Shares of iShares Bitcoin Trust ETF $IBIT

Paragon Advisors LLC decreased its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 73.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 133,016 shares of the company’s stock after selling 360,288 shares during the period. iShares Bitcoin Trust ETF accounts for 1.8% of Paragon Advisors LLC’s investment portfolio, making the stock its 13th largest position. Paragon Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $6,604,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Traynor Capital Management Inc. grew its holdings in iShares Bitcoin Trust ETF by 3.6% during the 4th quarter. Traynor Capital Management Inc. now owns 20,194 shares of the company’s stock valued at $1,003,000 after buying an additional 696 shares in the last quarter. World Equity Group Inc. lifted its holdings in shares of iShares Bitcoin Trust ETF by 13.9% in the fourth quarter. World Equity Group Inc. now owns 17,949 shares of the company’s stock worth $891,000 after buying an additional 2,191 shares in the last quarter. PUREfi Wealth LLC boosted its position in shares of iShares Bitcoin Trust ETF by 10.0% in the fourth quarter. PUREfi Wealth LLC now owns 4,400 shares of the company’s stock valued at $218,000 after acquiring an additional 400 shares during the period. Sax Wealth Advisors LLC boosted its position in shares of iShares Bitcoin Trust ETF by 76.1% in the fourth quarter. Sax Wealth Advisors LLC now owns 20,383 shares of the company’s stock valued at $1,012,000 after acquiring an additional 8,809 shares during the period. Finally, Canvas Wealth Advisors LLC purchased a new position in iShares Bitcoin Trust ETF during the fourth quarter valued at approximately $202,000.

iShares Bitcoin Trust ETF Stock Up 2.3%

iShares Bitcoin Trust ETF stock opened at $40.17 on Thursday. The firm’s 50 day simple moving average is $42.20 and its 200 day simple moving average is $52.21. iShares Bitcoin Trust ETF has a 1-year low of $35.30 and a 1-year 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.