Cobblestone Asset Management LLC Sells 21,793 Shares of iShares Bitcoin Trust ETF $IBIT

Cobblestone Asset Management LLC reduced its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 21.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,539 shares of the company’s stock after selling 21,793 shares during the quarter. iShares Bitcoin Trust ETF comprises approximately 1.3% of Cobblestone Asset Management LLC’s holdings, making the stock its 22nd largest position. Cobblestone Asset Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,979,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of IBIT. Morgan Stanley boosted its position in shares of iShares Bitcoin Trust ETF by 21.5% during the fourth quarter. Morgan Stanley now owns 13,440,659 shares of the company’s stock worth $667,329,000 after acquiring an additional 2,374,482 shares during the last quarter. Mubadala Investment Co PJSC increased its holdings in iShares Bitcoin Trust ETF by 45.6% in the 4th quarter. Mubadala Investment Co PJSC now owns 12,702,323 shares of the company’s stock valued at $630,670,000 after acquiring an additional 3,975,351 shares during the last quarter. Laurore Ltd bought a new stake in iShares Bitcoin Trust ETF in the 4th quarter valued at $436,239,000. Al Warda Investments RSC Ltd lifted its stake in iShares Bitcoin Trust ETF by 3.2% in the 4th quarter. Al Warda Investments RSC Ltd now owns 8,218,712 shares of the company’s stock worth $408,059,000 after purchasing an additional 255,319 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its stake in iShares Bitcoin Trust ETF by 19.2% in the 3rd 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 in the last quarter.

iShares Bitcoin Trust ETF Price Performance

IBIT opened at $34.87 on Friday. The firm has a 50-day simple moving average of $39.91 and a two-hundred day simple moving average of $42.52. 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.