Cobblestone Asset Management LLC Decreases Stock Holdings in iShares Bitcoin Trust ETF $IBIT

Cobblestone Asset Management LLC trimmed its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 21.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,539 shares of the company’s stock after selling 21,793 shares during the period. iShares Bitcoin Trust ETF makes up approximately 1.3% of Cobblestone Asset Management LLC’s holdings, making the stock its 22nd biggest holding. Cobblestone Asset Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,979,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. McIlrath & Eck LLC increased its position in iShares Bitcoin Trust ETF by 30.3% in the second quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock worth $43,000 after purchasing an additional 163 shares during the last quarter. Vivaldi Capital Management LP grew its stake in shares of iShares Bitcoin Trust ETF by 3.3% in the 2nd quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock worth $314,000 after buying an additional 163 shares in the last quarter. Consolidated Portfolio Review Corp increased its holdings in shares of iShares Bitcoin Trust ETF by 2.3% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 7,851 shares of the company’s stock worth $510,000 after buying an additional 174 shares during the last quarter. Gilbert & Cook Inc. increased its holdings in shares of iShares Bitcoin Trust ETF by 2.5% in the 4th quarter. Gilbert & Cook Inc. now owns 7,931 shares of the company’s stock worth $394,000 after buying an additional 196 shares during the last quarter. Finally, McLean Asset Management Corp raised its position in shares of iShares Bitcoin Trust ETF by 4.2% during the 4th quarter. McLean Asset Management Corp now owns 5,012 shares of the company’s stock valued at $249,000 after buying an additional 200 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ IBIT opened at $34.87 on Friday. iShares Bitcoin Trust ETF has a 12-month low of $32.84 and a 12-month high of $71.82. The firm’s 50-day moving average price is $39.91 and its 200-day moving average price is $42.52.

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.