Atria Investments Inc Reduces Stake in iShares Bitcoin Trust

In a recent filing with the Securities and Exchange Commission, Atria Investments Inc reported a 16.4% reduction in its holdings of iShares Bitcoin Trust (NASDAQ:IBIT). Following this adjustment, the firm owned 12,914 shares of IBIT after selling 2,534 shares during the fourth quarter. Based on the latest filing, Atria’s investment in iShares Bitcoin Trust was valued at approximately $685,000.

Various other hedge funds have also made changes to their positions in iShares Bitcoin Trust. For example, Pettinga Financial Advisors LLC increased its stake by 34.8% in the third quarter, now possessing 8,630 shares valued at about $312,000 after buying an additional 2,230 shares. Similarly, Aptus Capital Advisors LLC raised its stake by 53.8%, owning 14,537 shares worth $525,000 after acquiring 5,083 extra shares in the same quarter. Additionally, Empower Advisory Group LLC increased its holdings by 9.7%, now owning 31,730 shares valued at roughly $1,146,000 after gaining 2,799 shares. New investments have also been made by Empowered Funds LLC and Vishria Bird Financial Group LLC, purchasing shares worth about $2,298,000 and $4,491,000, respectively, in the third quarter.

iShares Bitcoin Trust Stock Overview

As of the latest market data, shares of IBIT opened at $48.14. The stock is currently operating with a 50-day simple moving average of $54.02 and a 200-day simple moving average of $47.60. During the past year, the stock has seen a low of $28.23 and a high of $61.75.

About iShares Bitcoin Trust

The iShares Bitcoin Trust (IBIT) is an exchange-traded fund that primarily invests in long Bitcoin positions while shorting the US dollar. This passively managed fund aims to reflect the spot price of Bitcoin and was launched on January 5, 2024, by BlackRock.

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Atria, Investments, Bitcoin