Wealthedge Investment Advisors LLC Sells 42,185 Shares of iShares Bitcoin Trust ETF $IBIT

Wealthedge Investment Advisors LLC lessened its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 63.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,305 shares of the company’s stock after selling 42,185 shares during the period. Wealthedge Investment Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,488,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. grew its stake in shares of 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 worth $1,443,239,000 after purchasing an additional 13,731,993 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in iShares Bitcoin Trust ETF during the 2nd quarter valued at approximately $408,082,000. JPMorgan Chase & Co. lifted its holdings in iShares Bitcoin Trust ETF by 1,119.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,217,056 shares of the company’s stock worth $196,916,000 after buying an additional 2,953,342 shares during the period. BSN CAPITAL PARTNERS Ltd bought a new stake in shares of iShares Bitcoin Trust ETF in the 1st quarter worth approximately $133,168,000. Finally, Mint Tower Capital Management B.V. grew its position in shares of iShares Bitcoin Trust ETF by 1,131.5% in the 2nd quarter. Mint Tower Capital Management B.V. now owns 2,849,285 shares of the company’s stock worth $174,405,000 after buying an additional 2,617,925 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of iShares Bitcoin Trust ETF stock opened at $51.55 on Monday. The business has a 50 day moving average of $60.47 and a 200 day moving average of $62.38. iShares Bitcoin Trust ETF has a 52 week low of $42.98 and a 52 week high of $71.82.

iShares Bitcoin Trust ETF 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.