Evolution Wealth Advisors LLC Decreases Stock Holdings in iShares Bitcoin Trust ETF $IBIT

Evolution Wealth Advisors LLC reduced its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 16.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 148,686 shares of the company’s stock after selling 28,636 shares during the quarter. iShares Bitcoin Trust ETF comprises 0.7% of Evolution Wealth Advisors LLC’s investment portfolio, making the stock its 22nd largest holding. Evolution Wealth Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $7,382,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Capula Management Ltd lifted its position in iShares Bitcoin Trust ETF by 22.5% during the second quarter. Capula Management Ltd now owns 9,481,233 shares of the company’s stock valued at $580,346,000 after acquiring an additional 1,739,073 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in iShares Bitcoin Trust ETF by 19.2% in the third quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock worth $440,856,000 after purchasing an additional 1,093,183 shares during the last quarter. Sculptor Capital LP increased its position in shares of iShares Bitcoin Trust ETF by 59.5% during the second quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock worth $274,664,000 after purchasing an additional 1,673,788 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of iShares Bitcoin Trust ETF by 1,119.9% during the second quarter. JPMorgan Chase & Co. now owns 3,217,056 shares of the company’s stock worth $196,916,000 after purchasing an additional 2,953,342 shares in the last quarter. Finally, 59 North Capital Management LP purchased a new stake in shares of iShares Bitcoin Trust ETF during the 3rd quarter valued at $169,100,000.

iShares Bitcoin Trust ETF Price Performance

iShares Bitcoin Trust ETF stock opened at $40.17 on Thursday. iShares Bitcoin Trust ETF has a 1-year low of $35.30 and a 1-year high of $71.82. The business has a fifty day moving average price of $42.20 and a 200-day moving average price of $52.21.

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.