Jane Street Group LLC trimmed its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) by 99.8% in the third quarter, Holdings Channel reports. The firm owned 11,026 shares of the company’s stock after selling 6,463,716 shares during the period. Jane Street Group LLC’s holdings in iShares Bitcoin Trust were worth $398,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in IBIT. Glass Jacobson Investment Advisors llc acquired a new position in shares of iShares Bitcoin Trust in the second quarter worth about $26,000. Asset Dedication LLC increased its holdings in iShares Bitcoin Trust by 52.4% during the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares during the last quarter. West Financial Advisors LLC acquired a new position in shares of iShares Bitcoin Trust in the 3rd quarter valued at approximately $40,000. Brown Brothers Harriman & Co. purchased a new position in shares of iShares Bitcoin Trust during the 2nd quarter valued at approximately $43,000. Finally, Hollencrest Capital Management boosted its stake in shares of iShares Bitcoin Trust by 256.7% during the 2nd quarter. Hollencrest Capital Management now owns 1,327 shares of the company’s stock valued at $45,000 after buying an additional 955 shares during the last quarter.
iShares Bitcoin Trust Stock Performance
Shares of NASDAQ:IBIT opened at $54.79 on Wednesday. The company has a fifty day simple moving average of $52.34 and a 200 day simple moving average of $41.23. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $61.75.
iShares Bitcoin Trust 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.
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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust (NASDAQ:IBIT – Free Report).
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