iShares Bitcoin Trust ETF $IBIT Stake Trimmed by Pinpoint Asset Management Singapore Pte. Ltd.

Pinpoint Asset Management Singapore Pte. Ltd. lessened its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,787,571 shares of the company’s stock after selling 65,135 shares during the period. iShares Bitcoin Trust ETF comprises approximately 21.4% of Pinpoint Asset Management Singapore Pte. Ltd.’s investment portfolio, making the stock its biggest position. Pinpoint Asset Management Singapore Pte. Ltd. owned 0.13% of iShares Bitcoin Trust ETF worth $116,192,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. StoneX Group Inc. increased its stake in iShares Bitcoin Trust ETF by 41.2% in the 2nd quarter. StoneX Group Inc. now owns 71,076 shares of the company’s stock worth $4,347,000 after buying an additional 20,755 shares during the period. Caprock Group LLC bought a new stake in iShares Bitcoin Trust ETF during the 3rd quarter valued at about $1,536,000. Finer Wealth Management Inc. boosted its position in iShares Bitcoin Trust ETF by 136.2% in the 2nd quarter. Finer Wealth Management Inc. now owns 39,668 shares of the company’s stock valued at $2,428,000 after buying an additional 22,872 shares during the period. Kingstone Capital Partners Texas LLC grew its stake in iShares Bitcoin Trust ETF by 50.6% in the 3rd quarter. Kingstone Capital Partners Texas LLC now owns 64,924 shares of the company’s stock worth $4,220,000 after acquiring an additional 21,815 shares in the last quarter. Finally, Calamos Wealth Management LLC grew its stake in iShares Bitcoin Trust ETF by 81.0% in the 3rd quarter. Calamos Wealth Management LLC now owns 49,258 shares of the company’s stock worth $3,202,000 after acquiring an additional 22,045 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Down 4.4%

iShares Bitcoin Trust ETF stock opened at $38.63 on Monday. The company has a 50 day moving average price of $45.16 and a 200-day moving average price of $54.24. iShares Bitcoin Trust ETF has a fifty-two week low of $35.30 and a fifty-two week high of $71.82.

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.