Farallon Capital Management LLC Cuts Stock Holdings in iShares Bitcoin Trust ETF $IBIT

Farallon Capital Management LLC lowered its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 0.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,992,700 shares of the company’s stock after selling 27,350 shares during the period. iShares Bitcoin Trust ETF comprises approximately 1.9% of Farallon Capital Management LLC’s holdings, making the stock its 14th largest position. Farallon Capital Management LLC owned about 0.49% of iShares Bitcoin Trust ETF worth $454,526,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Sachetta LLC raised its stake in shares of iShares Bitcoin Trust ETF by 793.0% during the 3rd quarter. Sachetta LLC now owns 384 shares of the company’s stock worth $25,000 after buying an additional 341 shares in the last quarter. Chapman Financial Group LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the 3rd quarter valued at approximately $25,000. Anchor Investment Management LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 210.3% in the third quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock valued at $29,000 after buying an additional 305 shares in the last quarter. Roble Belko & Company Inc boosted its stake in shares of iShares Bitcoin Trust ETF by 77.2% in the third quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock valued at $30,000 after buying an additional 200 shares in the last quarter. Finally, Financial Life Planners acquired a new position in iShares Bitcoin Trust ETF during the third quarter worth $31,000.

iShares Bitcoin Trust ETF Trading Up 1.1%

NASDAQ:IBIT opened at $40.37 on Monday. The stock has a fifty day moving average price of $44.15 and a two-hundred day moving average price of $53.39. iShares Bitcoin Trust ETF has a 1 year low of $35.30 and a 1 year 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.