Balboa Wealth Partners Sells 3,053 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Balboa Wealth Partners cut its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 14.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,337 shares of the company’s stock after selling 3,053 shares during the quarter. Balboa Wealth Partners’ holdings in iShares Bitcoin Trust were worth $663,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Glass Jacobson Investment Advisors llc purchased a new position in shares of iShares Bitcoin Trust during the 2nd quarter valued at $26,000. Asset Dedication LLC increased its stake in shares of iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares in the last quarter. Creekmur Asset Management LLC bought a new stake in shares of iShares Bitcoin Trust in the first quarter valued at approximately $30,000. International Assets Investment Management LLC bought a new stake in shares of iShares Bitcoin Trust in the second quarter valued at approximately $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of iShares Bitcoin Trust during the 2nd quarter valued at approximately $36,000.

iShares Bitcoin Trust Price Performance

Shares of iShares Bitcoin Trust stock opened at $49.73 on Friday. The company’s 50-day moving average price is $37.60 and its 200-day moving average price is $36.53. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $53.26.

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.