Orion Capital Management LLC Decreases Stock Position in iShares Bitcoin Trust ETF $IBIT

Orion Capital Management LLC cut its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 53.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,507 shares of the company’s stock after selling 1,700 shares during the quarter. Orion Capital Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $92,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Signature Resources Capital Management LLC increased its holdings in iShares Bitcoin Trust ETF by 81.6% in the 2nd quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock worth $27,000 after acquiring an additional 200 shares during the last quarter. RMG Wealth Management LLC bought a new position in iShares Bitcoin Trust ETF during the second quarter worth about $30,000. JFS Wealth Advisors LLC increased its stake in shares of iShares Bitcoin Trust ETF by 1,277.1% in the second quarter. JFS Wealth Advisors LLC now owns 482 shares of the company’s stock worth $30,000 after purchasing an additional 447 shares in the last quarter. American Capital Advisory LLC increased its stake in shares of iShares Bitcoin Trust ETF by 144.7% in the first quarter. American Capital Advisory LLC now owns 553 shares of the company’s stock worth $26,000 after purchasing an additional 327 shares in the last quarter. Finally, Berbice Capital Management LLC raised its position in shares of iShares Bitcoin Trust ETF by 100.0% in the first quarter. Berbice Capital Management LLC now owns 600 shares of the company’s stock valued at $28,000 after purchasing an additional 300 shares during the period.

iShares Bitcoin Trust ETF Stock Up 0.4%

IBIT opened at $62.83 on Friday. iShares Bitcoin Trust ETF has a 12 month low of $37.47 and a 12 month high of $71.82. The company has a 50 day moving average of $64.60 and a 200 day moving average of $61.63.

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.