iShares Bitcoin Trust ETF $IBIT Stock Sold by Corecam Pte. Ltd.

Corecam Pte. Ltd. trimmed its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 61.3% in the third quarter, Holdings Channel.com reports. The fund owned 79,400 shares of the company’s stock after selling 125,900 shares during the quarter. iShares Bitcoin Trust ETF makes up approximately 1.5% of Corecam Pte. Ltd.’s investment portfolio, making the stock its 22nd biggest position. Corecam Pte. Ltd.’s holdings in iShares Bitcoin Trust ETF were worth $3,759,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. NEOS Investment Management LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 55.4% in the second 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 increased its position in 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 valued at $165,880,000 after purchasing an additional 3,319,115 shares during the period. Pine Ridge Advisers LLC increased its position in iShares Bitcoin Trust ETF by 0.7% during the 1st 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. Wealthfront Advisers LLC increased its position in iShares Bitcoin Trust ETF by 20.5% during the 2nd 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. Finally, SigFig Wealth Management LLC bought a new position in iShares Bitcoin Trust ETF during the 3rd quarter worth approximately $73,942,000.

iShares Bitcoin Trust ETF Stock Performance

iShares Bitcoin Trust ETF stock opened at $45.96 on Friday. iShares Bitcoin Trust ETF has a 52-week low of $32.84 and a 52-week high of $65.97. The firm has a 50 day moving average price of $45.33 and a two-hundred day moving average price of $41.23.

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.