18,563 iShares Bitcoin Trust ETF $IBIT Shares Sold by Franchise GP Ltd

Franchise GP Ltd lowered its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 7.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 231,433 shares of the company’s stock after selling 18,563 shares during the quarter. iShares Bitcoin Trust ETF makes up approximately 4.7% of Franchise GP Ltd’s investment portfolio, making the stock its 11th largest position. Franchise GP Ltd’s holdings in iShares Bitcoin Trust ETF were worth $10,956,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Concurrent Investment Advisors LLC boosted its position in shares of iShares Bitcoin Trust ETF by 12.1% during the second quarter. Concurrent Investment Advisors LLC now owns 103,456 shares of the company’s stock valued at $3,444,000 after buying an additional 11,140 shares during the last quarter. OceanIQ Capital LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the 2nd quarter worth approximately $816,000. Round Rock Advisors LLC bought a new position in shares of iShares Bitcoin Trust ETF in the second quarter valued at approximately $3,124,000. J. Derek Lewis & Associates Inc. bought a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at approximately $747,000. Finally, Broussard Financial Group LLC increased its position in shares of iShares Bitcoin Trust ETF by 72.4% during the first quarter. Broussard Financial Group LLC now owns 70,478 shares of the company’s stock valued at $2,708,000 after acquiring an additional 29,588 shares during the last quarter.

iShares Bitcoin Trust ETF Trading Up 0.8%

Shares of iShares Bitcoin Trust ETF stock opened at $46.59 on Friday. The business’s fifty day simple moving average is $44.08 and its 200 day simple moving average is $40.90. iShares Bitcoin Trust ETF has a 12 month low of $32.84 and a 12 month high of $65.97.

iShares Bitcoin Trust ETF 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.