iShares Bitcoin Trust (NASDAQ:IBIT) Stake Lowered by Fortis Capital Management LLC

Fortis Capital Management LLC decreased its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 12.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,174 shares of the company’s stock after selling 1,345 shares during the period. Fortis Capital Management LLC’s holdings in iShares Bitcoin Trust were worth $331,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Empower Advisory Group LLC lifted its stake in iShares Bitcoin Trust by 9.7% in the third quarter. Empower Advisory Group LLC now owns 31,730 shares of the company’s stock valued at $1,146,000 after buying an additional 2,799 shares during the last quarter. Aptus Capital Advisors LLC grew its position in shares of iShares Bitcoin Trust by 53.8% during the third quarter. Aptus Capital Advisors LLC now owns 14,537 shares of the company’s stock worth $525,000 after acquiring an additional 5,083 shares during the last quarter. Commonwealth Retirement Investments LLC increased its holdings in shares of iShares Bitcoin Trust by 83.3% in the 3rd quarter. Commonwealth Retirement Investments LLC now owns 11,000 shares of the company’s stock worth $397,000 after acquiring an additional 5,000 shares during the period. Fountainhead AM LLC lifted its position in iShares Bitcoin Trust by 8.9% in the 3rd quarter. Fountainhead AM LLC now owns 43,277 shares of the company’s stock valued at $1,564,000 after purchasing an additional 3,531 shares during the last quarter. Finally, Jupiter Wealth Management LLC acquired a new position in iShares Bitcoin Trust during the 3rd quarter valued at about $614,000.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ:IBIT opened at $51.04 on Thursday. The firm’s 50 day moving average is $37.24 and its two-hundred day moving average is $36.42. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $53.26.

iShares Bitcoin Trust Company Profile

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.