iShares Bitcoin Trust ETF $IBIT Position Reduced by IPG Investment Advisors LLC

IPG Investment Advisors LLC lessened its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 53.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,033 shares of the company’s stock after selling 42,479 shares during the quarter. IPG Investment Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,753,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. NEOS Investment Management LLC lifted its holdings in iShares Bitcoin Trust ETF by 55.4% during the 2nd quarter. NEOS Investment Management LLC now owns 5,424,563 shares of the company’s stock valued at $180,584,000 after purchasing an additional 1,933,888 shares during the last quarter. Walleye Capital LLC raised its position in shares of iShares Bitcoin Trust ETF by 332.4% in the first 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 period. Pilgrim Partners Asia Pte Ltd raised its position in shares of iShares Bitcoin Trust ETF by 43.1% in the third quarter. Pilgrim Partners Asia Pte Ltd now owns 2,607,600 shares of the company’s stock valued at $123,444,000 after purchasing an additional 785,300 shares during the period. Pine Ridge Advisers LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 0.7% during the 1st quarter. Pine Ridge Advisers LLC now owns 2,243,827 shares of the company’s stock worth $86,208,000 after buying an additional 16,447 shares during the last quarter. Finally, SigFig Wealth Management LLC acquired a new position in iShares Bitcoin Trust ETF in the 3rd quarter valued at about $73,942,000.

iShares Bitcoin Trust ETF Stock Up 1.6%

iShares Bitcoin Trust ETF stock opened at $44.05 on Wednesday. The stock’s 50 day moving average is $45.87 and its 200-day moving average is $41.48. iShares Bitcoin Trust ETF has a 12 month low of $32.84 and a 12 month high of $60.36.

iShares Bitcoin Trust ETF Company 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.