Palumbo Wealth Management LLC Reduces Position in iShares Bitcoin Trust ETF $IBIT

Palumbo Wealth Management LLC trimmed its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 64.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,616 shares of the company’s stock after selling 91,431 shares during the quarter. Palumbo Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,513,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Chapman Financial Group LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the third quarter worth about $25,000. Sachetta LLC increased its position in shares of iShares Bitcoin Trust ETF by 793.0% during the third quarter. Sachetta LLC now owns 384 shares of the company’s stock worth $25,000 after acquiring an additional 341 shares during the last quarter. Anchor Investment Management LLC increased its position in shares of iShares Bitcoin Trust ETF by 210.3% during the third quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock worth $29,000 after acquiring an additional 305 shares during the last quarter. Roble Belko & Company Inc increased its position in shares of iShares Bitcoin Trust ETF by 77.2% during the third quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares during the last quarter. Finally, Financial Life Planners purchased a new stake in shares of iShares Bitcoin Trust ETF during the third quarter worth about $31,000.

iShares Bitcoin Trust ETF Price Performance

Shares of iShares Bitcoin Trust ETF stock opened at $39.10 on Wednesday. iShares Bitcoin Trust ETF has a fifty-two week low of $35.30 and a fifty-two week high of $71.82. The business has a 50-day moving average price of $39.79 and a 200 day moving average price of $50.42.

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.