iShares Bitcoin Trust ETF $IBIT Shares Sold by City State Bank

City State Bank lowered its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 51.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,595 shares of the company’s stock after selling 2,720 shares during the period. City State Bank’s holdings in iShares Bitcoin Trust ETF were worth $159,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in iShares Bitcoin Trust ETF by 80.3% in the first quarter. Goldman Sachs Group Inc. now owns 30,831,854 shares of the company’s stock valued at $1,443,239,000 after purchasing an additional 13,731,993 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in iShares Bitcoin Trust ETF in the second quarter valued at approximately $408,082,000. BSN CAPITAL PARTNERS Ltd purchased a new stake in shares of iShares Bitcoin Trust ETF during the first quarter valued at approximately $133,168,000. Senator Investment Group LP purchased a new position in shares of iShares Bitcoin Trust ETF in the first quarter valued at $59,215,000. Finally, Mariner Investment Group LLC purchased a new stake in iShares Bitcoin Trust ETF during the 2nd quarter worth $50,907,000.

iShares Bitcoin Trust ETF Stock Up 0.4%

Shares of NASDAQ IBIT opened at $62.83 on Friday. iShares Bitcoin Trust ETF has a 1 year low of $37.47 and a 1 year high of $71.82. The stock’s 50-day simple moving average is $64.60 and its 200-day simple moving average is $61.51.

About iShares Bitcoin Trust ETF

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.