Belpointe Asset Management LLC Reduces Stake in iShares Bitcoin Trust ETF $IBIT

Belpointe Asset Management LLC lowered its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 33.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,855 shares of the company’s stock after selling 18,637 shares during the period. Belpointe Asset Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,830,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Krilogy Financial LLC grew its position in iShares Bitcoin Trust ETF by 31.3% in the fourth quarter. Krilogy Financial LLC now owns 9,150 shares of the company’s stock worth $454,000 after acquiring an additional 2,179 shares in the last quarter. Earned Wealth Advisors LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at approximately $266,000. Fortitude Financial LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at approximately $631,000. VCI Wealth Management LLC boosted its position in shares of iShares Bitcoin Trust ETF by 16.7% during the fourth quarter. VCI Wealth Management LLC now owns 152,033 shares of the company’s stock valued at $7,548,000 after buying an additional 21,787 shares during the period. Finally, BigSur Wealth Management LLC boosted its position in shares of iShares Bitcoin Trust ETF by 13.4% during the fourth quarter. BigSur Wealth Management LLC now owns 296,478 shares of the company’s stock valued at $14,720,000 after buying an additional 34,995 shares during the period.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ:IBIT opened at $43.25 on Tuesday. iShares Bitcoin Trust ETF has a 1 year low of $35.30 and a 1 year high of $71.82. The business has a 50 day simple moving average of $39.56 and a two-hundred day simple moving average of $48.99.

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.