iShares Bitcoin Trust ETF $IBIT Shares Sold by Quantitative Investment Management LLC

Quantitative Investment Management LLC lessened its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 36.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 238,189 shares of the company’s stock after selling 138,490 shares during the quarter. iShares Bitcoin Trust ETF accounts for approximately 0.9% of Quantitative Investment Management LLC’s portfolio, making the stock its 24th biggest position. Quantitative Investment Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $7,929,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in IBIT. Benjamin Edwards Inc. increased its stake in shares of iShares Bitcoin Trust ETF by 24.9% during the second quarter. Benjamin Edwards Inc. now owns 34,414 shares of the company’s stock worth $1,146,000 after buying an additional 6,858 shares during the period. Alyeska Investment Group L.P. purchased a new position in iShares Bitcoin Trust ETF in the second quarter worth approximately $6,658,000. Flputnam Investment Management Co. purchased a new position in iShares Bitcoin Trust ETF in the second quarter worth approximately $50,000. Northwestern Mutual Wealth Management Co. grew its holdings in iShares Bitcoin Trust ETF by 13.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 421,063 shares of the company’s stock worth $14,017,000 after acquiring an additional 49,248 shares in the last quarter. Finally, Boussard & Gavaudan Gestion Sas acquired a new position in iShares Bitcoin Trust ETF during the 2nd quarter worth approximately $583,000.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ:IBIT opened at $43.90 on Monday. iShares Bitcoin Trust ETF has a 52 week low of $32.84 and a 52 week high of $71.82. The company’s 50 day moving average is $37.06 and its two-hundred day moving average is $39.22.

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.