HighTower Advisors LLC Sells 3,718 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

HighTower Advisors LLC lowered its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 2.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 182,445 shares of the company’s stock after selling 3,718 shares during the period. HighTower Advisors LLC’s holdings in iShares Bitcoin Trust were worth $6,588,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Glass Jacobson Investment Advisors llc bought a new position in iShares Bitcoin Trust in the 2nd quarter valued at $26,000. Asset Dedication LLC raised its holdings in shares of iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after buying an additional 279 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of iShares Bitcoin Trust in the second quarter valued at about $31,000. Hantz Financial Services Inc. bought a new position in shares of iShares Bitcoin Trust in the second quarter valued at about $36,000. Finally, SOA Wealth Advisors LLC. bought a new position in shares of iShares Bitcoin Trust in the second quarter valued at about $40,000.

iShares Bitcoin Trust Stock Down 5.3 %

Shares of NASDAQ IBIT opened at $54.73 on Tuesday. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $59.16. The company has a 50-day moving average of $44.76 and a two-hundred day moving average of $38.81.

iShares Bitcoin Trust 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.