iShares Bitcoin Trust ETF $IBIT Stock Sold by Riversedge Advisors LLC

Riversedge Advisors LLC decreased its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 5.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,895 shares of the company’s stock after selling 11,280 shares during the quarter. iShares Bitcoin Trust ETF comprises about 1.2% of Riversedge Advisors LLC’s portfolio, making the stock its 17th biggest position. Riversedge Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $9,794,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Al Warda Investments RSC Ltd boosted its holdings in iShares Bitcoin Trust ETF by 3.2% in the fourth quarter. Al Warda Investments RSC Ltd now owns 8,218,712 shares of the company’s stock worth $408,059,000 after acquiring an additional 255,319 shares in the last quarter. NEOS Investment Management LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 55.4% during the second quarter. NEOS Investment Management LLC now owns 5,424,563 shares of the company’s stock valued at $180,584,000 after acquiring an additional 1,933,888 shares in the last quarter. Macquarie Group Ltd. increased its holdings in shares of iShares Bitcoin Trust ETF by 16.4% during the fourth quarter. Macquarie Group Ltd. now owns 5,126,143 shares of the company’s stock valued at $254,513,000 after acquiring an additional 721,351 shares in the last quarter. Walleye Capital LLC raised its position in shares of iShares Bitcoin Trust ETF by 332.4% in the 1st quarter. Walleye Capital LLC now owns 4,317,555 shares of the company’s stock valued at $165,880,000 after purchasing an additional 3,319,115 shares during the last quarter. Finally, 59 North Capital Management LP raised its position in shares of iShares Bitcoin Trust ETF by 50.7% in the 4th quarter. 59 North Capital Management LP now owns 3,921,034 shares of the company’s stock valued at $194,679,000 after purchasing an additional 1,319,501 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Up 1.1%

NASDAQ:IBIT traded up $0.50 during trading hours on Friday, hitting $46.76. 16,360,815 shares of the company were exchanged, compared to its average volume of 52,435,574. iShares Bitcoin Trust ETF has a 52-week low of $32.84 and a 52-week high of $69.66. The company’s 50 day moving average price is $43.04 and its 200-day moving average price is $40.63.

iShares Bitcoin Trust ETF 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.