First United Bank & Trust Sells 13,410 Shares of iShares Bitcoin Trust ETF $IBIT

First United Bank & Trust decreased its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 75.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,419 shares of the company’s stock after selling 13,410 shares during the quarter. First United Bank & Trust’s holdings in iShares Bitcoin Trust ETF were worth $219,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sachetta LLC grew its stake in shares of iShares Bitcoin Trust ETF by 793.0% during the 3rd quarter. Sachetta LLC now owns 384 shares of the company’s stock worth $25,000 after acquiring an additional 341 shares during the period. Chapman Financial Group LLC bought a new position in shares of iShares Bitcoin Trust ETF during the 3rd quarter worth $25,000. Anchor Investment Management LLC grew its stake in shares of iShares Bitcoin Trust ETF by 210.3% during the 3rd 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 period. Roble Belko & Company Inc grew its stake in shares of iShares Bitcoin Trust ETF by 77.2% during the 3rd 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 period. Finally, Financial Life Planners bought a new position in shares of iShares Bitcoin Trust ETF during the 3rd quarter worth $31,000.

iShares Bitcoin Trust ETF Trading Up 4.1%

IBIT stock opened at $39.52 on Tuesday. iShares Bitcoin Trust ETF has a fifty-two week low of $35.30 and a fifty-two week high of $71.82. The stock has a fifty day moving average of $40.02 and a 200-day moving average of $50.60.

About iShares Bitcoin Trust ETF

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.