KM Capital Management Ltd. Has $2.18 Million Stock Position in iShares Bitcoin Trust ETF $IBIT

KM Capital Management Ltd. lessened its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 14.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,613 shares of the company’s stock after selling 6,198 shares during the period. iShares Bitcoin Trust ETF accounts for about 1.1% of KM Capital Management Ltd.’s investment portfolio, making the stock its 20th biggest holding. KM Capital Management Ltd.’s holdings in iShares Bitcoin Trust ETF were worth $2,180,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Kingsview Wealth Management LLC lifted its position in shares of iShares Bitcoin Trust ETF by 10.8% in the second quarter. Kingsview Wealth Management LLC now owns 98,604 shares of the company’s stock worth $6,036,000 after buying an additional 9,579 shares during the last quarter. Harvard Management Co. Inc. acquired a new stake in iShares Bitcoin Trust ETF in the 2nd quarter worth approximately $116,666,000. Avantax Advisory Services Inc. boosted its position in iShares Bitcoin Trust ETF by 215.2% during the second quarter. Avantax Advisory Services Inc. now owns 205,075 shares of the company’s stock worth $12,553,000 after purchasing an additional 140,013 shares during the period. Glaxis Capital Management LLC acquired a new position in iShares Bitcoin Trust ETF during the second quarter valued at approximately $814,000. Finally, WealthTrust Asset Management LLC raised its position in shares of iShares Bitcoin Trust ETF by 1.2% in the second quarter. WealthTrust Asset Management LLC now owns 15,013 shares of the company’s stock valued at $919,000 after purchasing an additional 183 shares during the period.

iShares Bitcoin Trust ETF Stock Down 3.8%

NASDAQ IBIT opened at $53.47 on Friday. The company has a fifty day simple moving average of $63.39 and a 200 day simple moving average of $62.73. iShares Bitcoin Trust ETF has a 1 year low of $42.98 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.