JGP Global Gestao de Recursos Ltda. Lowers Stock Position in iShares Bitcoin Trust ETF $IBIT

JGP Global Gestao de Recursos Ltda. cut its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 98.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,168 shares of the company’s stock after selling 196,832 shares during the period. JGP Global Gestao de Recursos Ltda.’s holdings in iShares Bitcoin Trust ETF were worth $206,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Signature Resources Capital Management LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 81.6% in the 2nd quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock valued at $27,000 after acquiring an additional 200 shares during the period. RMG Wealth Management LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the 2nd quarter worth $30,000. JFS Wealth Advisors LLC boosted its position in iShares Bitcoin Trust ETF by 1,277.1% during the second quarter. JFS Wealth Advisors LLC now owns 482 shares of the company’s stock valued at $30,000 after purchasing an additional 447 shares in the last quarter. Highline Wealth Partners LLC grew its stake in iShares Bitcoin Trust ETF by 150.0% in the third quarter. Highline Wealth Partners LLC now owns 500 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares during the last quarter. Finally, Semmax Financial Advisors Inc. raised its holdings in iShares Bitcoin Trust ETF by 135.9% in the second quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after purchasing an additional 284 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

NASDAQ:IBIT opened at $51.16 on Friday. The company’s 50-day simple moving average is $52.06 and its 200-day simple moving average is $60.33. iShares Bitcoin Trust ETF has a fifty-two week low of $42.98 and a fifty-two week 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.