Lido Advisors LLC Trims Stock Position in iShares Bitcoin Trust ETF $IBIT

Lido Advisors LLC trimmed its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 11.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 306,258 shares of the company’s stock after selling 40,914 shares during the period. Lido Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $11,766,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Walleye Capital LLC raised its position in shares of iShares Bitcoin Trust ETF by 332.4% during the 1st quarter. Walleye Capital LLC now owns 4,317,555 shares of the company’s stock valued at $165,880,000 after buying an additional 3,319,115 shares during the period. Cetera Investment Advisers grew its position in iShares Bitcoin Trust ETF by 25.3% in the first quarter. Cetera Investment Advisers now owns 1,296,500 shares of the company’s stock worth $49,812,000 after acquiring an additional 262,087 shares during the period. GSG Advisors LLC grew its position in iShares Bitcoin Trust ETF by 42.6% in the first quarter. GSG Advisors LLC now owns 13,378 shares of the company’s stock worth $514,000 after acquiring an additional 3,997 shares during the period. Cambridge Associates LLC MA ADV increased its stake in iShares Bitcoin Trust ETF by 135.4% during the first quarter. Cambridge Associates LLC MA ADV now owns 29,497 shares of the company’s stock worth $1,133,000 after acquiring an additional 16,966 shares during the last quarter. Finally, Levin Capital Strategies L.P. increased its stake in iShares Bitcoin Trust ETF by 18.2% during the first quarter. Levin Capital Strategies L.P. now owns 6,817 shares of the company’s stock worth $262,000 after acquiring an additional 1,050 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

NASDAQ:IBIT opened at $36.65 on Friday. iShares Bitcoin Trust ETF has a 52 week low of $32.84 and a 52 week high of $71.82. The stock’s fifty day moving average is $37.54 and its two-hundred day moving average is $41.18.

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.