GK Wealth Management LLC Lowers Stock Holdings in iShares Bitcoin Trust ETF $IBIT

GK Wealth Management LLC cut its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 51.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 32,515 shares of the company’s stock after selling 34,420 shares during the quarter. iShares Bitcoin Trust ETF comprises approximately 0.8% of GK Wealth Management LLC’s portfolio, making the stock its 24th largest holding. GK Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of IBIT. Walleye Capital LLC raised its position in iShares Bitcoin Trust ETF by 332.4% in the 1st quarter. Walleye Capital LLC now owns 4,317,555 shares of the company’s stock worth $165,880,000 after buying an additional 3,319,115 shares during the last quarter. NEOS Investment Management LLC boosted its holdings in shares of 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 acquiring an additional 1,933,888 shares during the last quarter. SigFig Wealth Management LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the 3rd quarter valued at about $73,942,000. 59 North Capital Management LP grew its stake in shares of iShares Bitcoin Trust ETF by 50.7% in the fourth quarter. 59 North Capital Management LP now owns 3,921,034 shares of the company’s stock worth $194,679,000 after acquiring an additional 1,319,501 shares during the period. Finally, Hrtg GPE LLC grew its stake in shares of iShares Bitcoin Trust ETF by 70.8% in the fourth quarter. Hrtg GPE LLC now owns 2,270,327 shares of the company’s stock worth $112,722,000 after acquiring an additional 941,418 shares during the period.

iShares Bitcoin Trust ETF Stock Up 0.6%

Shares of IBIT traded up $0.29 during mid-day trading on Friday, hitting $46.55. 23,550,753 shares of the company traded hands, compared to its average volume of 52,474,816. The stock has a 50-day moving average price of $43.04 and a two-hundred day moving average price of $40.63. iShares Bitcoin Trust ETF has a 1 year low of $32.84 and a 1 year high of $69.66.

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.