iShares Bitcoin Trust ETF $IBIT Stock: OceanIQ Capital LLC Reduces Stake

OceanIQ Capital LLC lowered its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 50.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 11,345 shares of the company’s stock after selling 11,370 shares during the period. OceanIQ Capital LLC’s holdings in iShares Bitcoin Trust ETF were worth $535,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IBIT. NEOS Investment Management LLC lifted its position in shares of iShares Bitcoin Trust ETF by 55.4% in the 2nd quarter. NEOS Investment Management LLC now owns 5,424,563 shares of the company’s stock worth $180,584,000 after acquiring an additional 1,933,888 shares during the period. Walleye Capital LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 332.4% during the 1st quarter. Walleye Capital LLC now owns 4,317,555 shares of the company’s stock worth $165,880,000 after purchasing an additional 3,319,115 shares in the last quarter. Pine Ridge Advisers LLC increased its position in shares of iShares Bitcoin Trust ETF by 0.7% during the first quarter. Pine Ridge Advisers LLC now owns 2,243,827 shares of the company’s stock valued at $86,208,000 after purchasing an additional 16,447 shares during the period. SigFig Wealth Management LLC bought a new stake in shares of iShares Bitcoin Trust ETF during the third quarter valued at approximately $73,942,000. Finally, Wealthfront Advisers LLC increased its position in shares of iShares Bitcoin Trust ETF by 20.5% during the second quarter. Wealthfront Advisers LLC now owns 1,760,650 shares of the company’s stock valued at $58,612,000 after purchasing an additional 300,119 shares during the period.

iShares Bitcoin Trust ETF Stock Up 0.4%

IBIT stock traded up $0.17 during midday trading on Monday, hitting $46.32. The stock had a trading volume of 16,994,270 shares, compared to its average volume of 51,859,383. iShares Bitcoin Trust ETF has a 52 week low of $32.84 and a 52 week high of $65.97. The stock has a 50-day simple moving average of $44.27 and a 200 day simple moving average of $40.96.

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.