Gainplan LLC Sells 12,275 Shares of iShares Bitcoin Trust ETF $IBIT

Gainplan LLC cut its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 11.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,661 shares of the company’s stock after selling 12,275 shares during the quarter. iShares Bitcoin Trust ETF accounts for 2.5% of Gainplan LLC’s investment portfolio, making the stock its 6th largest position. Gainplan LLC’s holdings in iShares Bitcoin Trust ETF were worth $5,549,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in IBIT. Brighton Jones LLC acquired a new stake in iShares Bitcoin Trust ETF during the 4th quarter worth approximately $711,000. Bison Wealth LLC purchased a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at approximately $3,140,000. NBC Securities Inc. increased its position in shares of iShares Bitcoin Trust ETF by 92,450.0% in the 1st quarter. NBC Securities Inc. now owns 1,851 shares of the company’s stock valued at $86,000 after purchasing an additional 1,849 shares during the last quarter. UMB Bank n.a. increased its position in shares of iShares Bitcoin Trust ETF by 596.9% in the 1st quarter. UMB Bank n.a. now owns 14,307 shares of the company’s stock valued at $670,000 after purchasing an additional 12,254 shares during the last quarter. Finally, Wedmont Private Capital increased its position in shares of iShares Bitcoin Trust ETF by 45.3% in the 1st quarter. Wedmont Private Capital now owns 16,587 shares of the company’s stock valued at $791,000 after purchasing an additional 5,169 shares during the last quarter.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ:IBIT opened at $69.13 on Wednesday. iShares Bitcoin Trust ETF has a 52 week low of $33.47 and a 52 week high of $71.82. The company’s 50 day moving average is $65.23 and its two-hundred day moving average is $60.13.

About iShares Bitcoin Trust ETF

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.