Ardmore Road Asset Management LP Has $1.99 Million Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Ardmore Road Asset Management LP trimmed its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 85.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,456 shares of the company’s stock after selling 215,831 shares during the period. Ardmore Road Asset Management LP’s holdings in iShares Bitcoin Trust were worth $1,987,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hantz Financial Services Inc. grew its position in iShares Bitcoin Trust by 102.6% during the third quarter. Hantz Financial Services Inc. now owns 2,137 shares of the company’s stock worth $77,000 after buying an additional 1,082 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of iShares Bitcoin Trust by 6.4% in the 3rd quarter. Captrust Financial Advisors now owns 94,095 shares of the company’s stock worth $3,400,000 after acquiring an additional 5,686 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of iShares Bitcoin Trust by 17.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 37,552 shares of the company’s stock worth $1,357,000 after acquiring an additional 5,554 shares during the period. Independent Family Office LLC acquired a new stake in shares of iShares Bitcoin Trust during the 3rd quarter worth approximately $430,000. Finally, IHT Wealth Management LLC increased its position in shares of iShares Bitcoin Trust by 134.4% during the third quarter. IHT Wealth Management LLC now owns 76,400 shares of the company’s stock valued at $2,722,000 after purchasing an additional 43,804 shares during the period.

iShares Bitcoin Trust Stock Up 3.2 %

Shares of IBIT stock opened at $48.30 on Wednesday. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75. The stock has a fifty day moving average price of $52.14 and a 200 day moving average price of $49.09.

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.