Thrivent Financial for Lutherans Trims Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Thrivent Financial for Lutherans cut its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 51.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,490 shares of the company’s stock after selling 8,015 shares during the period. Thrivent Financial for Lutherans’ holdings in iShares Bitcoin Trust were worth $271,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mill Creek Capital Advisors LLC purchased a new position in iShares Bitcoin Trust during the third quarter valued at $2,226,000. RIA Advisory Group LLC bought a new position in shares of iShares Bitcoin Trust in the third quarter worth about $563,000. Paragon Advisors LLC lifted its position in shares of iShares Bitcoin Trust by 54.8% during the 3rd quarter. Paragon Advisors LLC now owns 458,111 shares of the company’s stock valued at $16,552,000 after buying an additional 162,178 shares in the last quarter. Evolution Wealth Advisors LLC grew its stake in shares of iShares Bitcoin Trust by 275.8% during the 3rd quarter. Evolution Wealth Advisors LLC now owns 122,129 shares of the company’s stock valued at $4,413,000 after acquiring an additional 89,634 shares during the period. Finally, Vishria Bird Financial Group LLC purchased a new stake in iShares Bitcoin Trust in the 3rd quarter worth approximately $4,491,000.

iShares Bitcoin Trust Stock Up 2.5 %

Shares of NASDAQ:IBIT opened at $57.80 on Friday. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $59.16. The firm’s 50 day simple moving average is $44.39 and its two-hundred day simple moving average is $38.71.

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.