Dorsey & Whitney Trust CO LLC Has $330,000 Stock Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Dorsey & Whitney Trust CO LLC lowered its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 22.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,220 shares of the company’s stock after selling 1,800 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in iShares Bitcoin Trust were worth $330,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC boosted its position in iShares Bitcoin Trust by 6,401.8% in 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 in the last quarter. NINE MASTS CAPITAL Ltd lifted its holdings in shares of iShares Bitcoin Trust by 29.6% during the fourth quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company’s stock worth $80,541,000 after purchasing an additional 346,918 shares during the period. Horizon Kinetics Asset Management LLC lifted its holdings in shares of iShares Bitcoin Trust by 11.9% during the third quarter. Horizon Kinetics Asset Management LLC now owns 805,803 shares of the company’s stock worth $29,114,000 after purchasing an additional 85,763 shares during the period. Parallax Volatility Advisers L.P. lifted its holdings in shares of iShares Bitcoin Trust by 127.6% during the third quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock worth $23,846,000 after purchasing an additional 370,000 shares during the period. Finally, Clear Street Derivatives LLC acquired a new position in shares of iShares Bitcoin Trust during the third quarter worth $23,686,000.

iShares Bitcoin Trust Trading Down 9.1 %

Shares of NASDAQ:IBIT opened at $44.91 on Tuesday. The firm’s fifty day moving average is $54.61 and its 200-day moving average is $47.45. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75.

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.