Private Advisor Group LLC Sells 1,260,335 Shares of iShares Bitcoin Trust ETF $IBIT

Private Advisor Group LLC cut its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 83.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 241,543 shares of the company’s stock after selling 1,260,335 shares during the period. Private Advisor Group LLC’s holdings in iShares Bitcoin Trust ETF were worth $9,280,000 at the end of the most recent quarter.

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

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ IBIT opened at $34.87 on Monday. The firm has a fifty day moving average price of $39.91 and a 200-day moving average price of $42.48. iShares Bitcoin Trust ETF has a 1 year low of $32.84 and a 1 year high of $71.82.

iShares Bitcoin Trust ETF 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.