Weiss Asset Management LP Has $87.61 Million Stake in iShares Bitcoin Trust ETF $IBIT

Weiss Asset Management LP lessened its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 70.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,280,228 shares of the company’s stock after selling 5,521,755 shares during the quarter. iShares Bitcoin Trust ETF makes up about 1.5% of Weiss Asset Management LP’s investment portfolio, making the stock its 9th largest position. Weiss Asset Management LP owned 0.16% of iShares Bitcoin Trust ETF worth $87,606,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. lifted its position in iShares Bitcoin Trust ETF by 12,500.0% in the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares during the period. Key Capital Management INC bought a new stake in iShares Bitcoin Trust ETF in the 4th quarter valued at $26,000. Vermillion & White Wealth Management Group LLC increased its holdings in iShares Bitcoin Trust ETF by 637.5% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock valued at $26,000 after buying an additional 459 shares during the period. Sfam LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at $26,000. Finally, Semmax Financial Advisors Inc. raised its stake in shares of iShares Bitcoin Trust ETF by 135.9% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock valued at $33,000 after buying an additional 284 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Down 0.8%

NASDAQ:IBIT opened at $36.35 on Friday. The company has a 50-day moving average of $37.37 and a 200-day moving average of $41.15. iShares Bitcoin Trust ETF has a 52 week low of $32.84 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.