iShares Bitcoin Trust ETF $IBIT Position Lowered by Gainplan LLC

Gainplan LLC trimmed its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 11.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 90,661 shares of the company’s stock after selling 12,275 shares during the period. iShares Bitcoin Trust ETF accounts for approximately 2.5% of Gainplan LLC’s portfolio, making the stock its 6th biggest position. Gainplan LLC’s holdings in iShares Bitcoin Trust ETF were worth $5,549,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Nemes Rush Group LLC grew its position in shares of iShares Bitcoin Trust ETF by 13.1% in the 1st quarter. Nemes Rush Group LLC now owns 2,582 shares of the company’s stock valued at $121,000 after buying an additional 300 shares during the last quarter. Galvin Gaustad & Stein LLC grew its position in shares of iShares Bitcoin Trust ETF by 158.1% in the 1st quarter. Galvin Gaustad & Stein LLC now owns 12,080 shares of the company’s stock valued at $565,000 after buying an additional 7,400 shares during the last quarter. Brio Consultants LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the 1st quarter valued at $5,308,000. Mather Group LLC. grew its position in shares of iShares Bitcoin Trust ETF by 164.2% in the 1st quarter. Mather Group LLC. now owns 605 shares of the company’s stock valued at $28,000 after buying an additional 376 shares during the last quarter. Finally, Brighton Jones LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at $711,000.

iShares Bitcoin Trust ETF Stock Down 3.0%

NASDAQ IBIT opened at $69.13 on Wednesday. The firm’s fifty day moving average price is $65.23 and its 200 day moving average price is $60.13. iShares Bitcoin Trust ETF has a 12 month low of $33.47 and a 12 month high of $71.82.

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.