Orion Capital Management LLC Cuts Holdings in iShares Bitcoin Trust ETF $IBIT

Orion Capital Management LLC decreased its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 53.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,507 shares of the company’s stock after selling 1,700 shares during the period. Orion Capital Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $92,000 as of its most recent filing with the SEC.

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

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ:IBIT opened at $62.83 on Friday. The company’s 50-day moving average is $64.60 and its 200 day moving average is $61.63. iShares Bitcoin Trust ETF has a fifty-two week low of $37.47 and a fifty-two week 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.