iShares Bitcoin Trust ETF $IBIT Shares Sold by JGP Global Gestao de Recursos Ltda.

JGP Global Gestao de Recursos Ltda. trimmed its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 98.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,168 shares of the company’s stock after selling 196,832 shares during the period. JGP Global Gestao de Recursos Ltda.’s holdings in iShares Bitcoin Trust ETF were worth $206,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the second quarter worth about $408,082,000. JPMorgan Chase & Co. boosted its stake in iShares Bitcoin Trust ETF by 1,119.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,217,056 shares of the company’s stock worth $196,916,000 after purchasing an additional 2,953,342 shares in the last quarter. Mint Tower Capital Management B.V. grew its position in iShares Bitcoin Trust ETF by 1,131.5% during the 2nd quarter. Mint Tower Capital Management B.V. now owns 2,849,285 shares of the company’s stock worth $174,405,000 after purchasing an additional 2,617,925 shares during the last quarter. Harvard Management Co. Inc. purchased a new stake in iShares Bitcoin Trust ETF during the 2nd quarter worth approximately $116,666,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in iShares Bitcoin Trust ETF during the 2nd quarter valued at approximately $113,404,000.

iShares Bitcoin Trust ETF Trading Down 0.7%

NASDAQ:IBIT opened at $51.16 on Friday. iShares Bitcoin Trust ETF has a 12 month low of $42.98 and a 12 month high of $71.82. The firm has a fifty day simple moving average of $52.06 and a 200-day simple moving average of $60.33.

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.