Fairscale Capital LLC Sells 680 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Fairscale Capital LLC decreased its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 53.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 590 shares of the company’s stock after selling 680 shares during the period. Fairscale Capital LLC’s holdings in iShares Bitcoin Trust were worth $31,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Union Savings Bank purchased a new position in iShares Bitcoin Trust during the fourth quarter valued at $25,000. Vision Financial Markets LLC bought a new stake in shares of iShares Bitcoin Trust in the 4th quarter worth approximately $25,000. City Holding Co. grew its stake in shares of iShares Bitcoin Trust by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after buying an additional 238 shares during the last quarter. Stephens Consulting LLC grew its stake in shares of iShares Bitcoin Trust by 62.8% in the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after buying an additional 189 shares during the last quarter. Finally, Crewe Advisors LLC increased its position in iShares Bitcoin Trust by 151.0% during the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after buying an additional 302 shares in the last quarter.

iShares Bitcoin Trust Price Performance

iShares Bitcoin Trust stock opened at $49.43 on Monday. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75. The business’s fifty day simple moving average is $54.78 and its two-hundred day simple moving average is $47.38.

About iShares Bitcoin Trust

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.