Syon Capital LLC Sells 71,575 Shares of iShares Bitcoin Trust ETF $IBIT

Syon Capital LLC decreased its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 23.9% during the fourth quarter, HoldingsChannel reports. The firm owned 227,602 shares of the company’s stock after selling 71,575 shares during the quarter. Syon Capital LLC’s holdings in iShares Bitcoin Trust ETF were worth $11,300,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. McIlrath & Eck LLC boosted its stake in iShares Bitcoin Trust ETF by 30.3% during the second quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock worth $43,000 after acquiring an additional 163 shares in the last quarter. Vivaldi Capital Management LP boosted its stake in iShares Bitcoin Trust ETF by 3.3% during the second quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock worth $314,000 after acquiring an additional 163 shares in the last quarter. Thoroughbred Financial Services LLC boosted its stake in iShares Bitcoin Trust ETF by 3.3% during the third quarter. Thoroughbred Financial Services LLC now owns 5,323 shares of the company’s stock worth $345,000 after acquiring an additional 172 shares in the last quarter. Consolidated Portfolio Review Corp boosted its stake in iShares Bitcoin Trust ETF by 2.3% during the third quarter. Consolidated Portfolio Review Corp now owns 7,851 shares of the company’s stock worth $510,000 after acquiring an additional 174 shares in the last quarter. Finally, Gilbert & Cook Inc. boosted its stake in iShares Bitcoin Trust ETF by 2.5% during the fourth quarter. Gilbert & Cook Inc. now owns 7,931 shares of the company’s stock worth $394,000 after acquiring an additional 196 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

NASDAQ:IBIT opened at $34.14 on Friday. iShares Bitcoin Trust ETF has a one year low of $33.48 and a one year high of $71.82. The company’s 50-day simple moving average is $42.04 and its 200 day simple moving average is $44.74.

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.