Simplicity Wealth LLC Sells 15,449 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Simplicity Wealth LLC lowered its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 78.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,206 shares of the company’s stock after selling 15,449 shares during the quarter. Simplicity Wealth LLC’s holdings in iShares Bitcoin Trust were worth $223,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its stake in shares of iShares Bitcoin Trust by 6,401.8% during the fourth quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock valued at $246,430,000 after buying an additional 4,573,794 shares during the last quarter. Clear Street Derivatives LLC bought a new position in shares of iShares Bitcoin Trust during the third quarter valued at about $23,686,000. CloudAlpha Capital Management Limited Hong Kong bought a new position in shares of iShares Bitcoin Trust during the third quarter valued at about $19,149,000. LMR Partners LLP grew its stake in shares of iShares Bitcoin Trust by 350.0% during the third quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock valued at $22,762,000 after buying an additional 490,000 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. grew its stake in shares of iShares Bitcoin Trust by 3,525.8% during the fourth quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock valued at $23,082,000 after buying an additional 423,100 shares during the last quarter.

iShares Bitcoin Trust Stock Up 5.2 %

Shares of NASDAQ:IBIT opened at $47.24 on Wednesday. The stock’s 50-day moving average price is $54.49 and its 200-day moving average price is $47.53. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month high of $61.75.

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.