Quantitative Investment Management LLC Decreases Position in iShares Bitcoin Trust ETF $IBIT

Quantitative Investment Management LLC trimmed its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 36.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 238,189 shares of the company’s stock after selling 138,490 shares during the quarter. iShares Bitcoin Trust ETF comprises approximately 0.9% of Quantitative Investment Management LLC’s portfolio, making the stock its 24th biggest position. Quantitative Investment Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $7,929,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Semmax Financial Advisors Inc. lifted its position in shares of iShares Bitcoin Trust ETF by 135.9% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after buying an additional 284 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. grew its position in shares of iShares Bitcoin Trust ETF by 12,500.0% in the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock valued at $25,000 after buying an additional 500 shares during the last quarter. Sfam LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at $26,000. Vermillion & White Wealth Management Group LLC raised its stake in iShares Bitcoin Trust ETF by 637.5% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock worth $26,000 after acquiring an additional 459 shares in the last quarter. Finally, WFA of San Diego LLC acquired a new stake in iShares Bitcoin Trust ETF during the 2nd quarter worth $34,000.

iShares Bitcoin Trust ETF Price Performance

Shares of IBIT opened at $43.90 on Monday. iShares Bitcoin Trust ETF has a 1-year low of $32.84 and a 1-year high of $71.82. The firm has a fifty day moving average price of $37.06 and a 200 day moving average price of $39.22.

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.