Ovata Capital Management Ltd Has $22.45 Million Stock Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Ovata Capital Management Ltd trimmed its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 29.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 421,268 shares of the company’s stock after selling 179,000 shares during the quarter. iShares Bitcoin Trust comprises approximately 8.6% of Ovata Capital Management Ltd’s holdings, making the stock its 4th biggest position. Ovata Capital Management Ltd owned about 0.07% of iShares Bitcoin Trust worth $22,452,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vienna Asset Management LLC increased its stake in shares of iShares Bitcoin Trust by 131.6% in the third quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock worth $963,000 after purchasing an additional 15,137 shares in the last quarter. Andina Capital Management LLC increased its stake in iShares Bitcoin Trust by 131.0% in the 4th quarter. Andina Capital Management LLC now owns 17,152 shares of the company’s stock worth $910,000 after buying an additional 9,728 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in iShares Bitcoin Trust by 32.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock valued at $1,357,000 after acquiring an additional 9,266 shares during the period. Mutual Advisors LLC raised its holdings in iShares Bitcoin Trust by 65.8% during the fourth quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock valued at $8,967,000 after acquiring an additional 62,338 shares during the period. Finally, Garden State Investment Advisory Services LLC bought a new position in shares of iShares Bitcoin Trust in the third quarter worth about $656,000.

iShares Bitcoin Trust Price Performance

Shares of IBIT opened at $47.71 on Friday. The business’s 50 day moving average is $51.45 and its 200 day moving average is $49.18. 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.