Verde Servicos Internacionais S.A. Cuts Position in iShares Bitcoin Trust ETF $IBIT

Verde Servicos Internacionais S.A. lowered its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 50.6% during the 1st quarter, HoldingsChannel reports. The fund owned 655,774 shares of the company’s stock after selling 671,392 shares during the period. iShares Bitcoin Trust ETF comprises about 7.7% of Verde Servicos Internacionais S.A.’s investment portfolio, making the stock its 3rd largest holding. Verde Servicos Internacionais S.A.’s holdings in iShares Bitcoin Trust ETF were worth $25,195,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in IBIT. Morgan Stanley boosted its stake in shares of iShares Bitcoin Trust ETF by 21.5% during the 4th quarter. Morgan Stanley now owns 13,440,659 shares of the company’s stock worth $667,329,000 after purchasing an additional 2,374,482 shares during the period. Mubadala Investment Co PJSC grew its holdings in iShares Bitcoin Trust ETF by 45.6% during the 4th quarter. Mubadala Investment Co PJSC now owns 12,702,323 shares of the company’s stock valued at $630,670,000 after purchasing an additional 3,975,351 shares during the last quarter. Laurore Ltd purchased a new stake in iShares Bitcoin Trust ETF in the 4th quarter worth about $436,239,000. Al Warda Investments RSC Ltd raised its position in iShares Bitcoin Trust ETF by 3.2% in the 4th quarter. Al Warda Investments RSC Ltd now owns 8,218,712 shares of the company’s stock worth $408,059,000 after purchasing an additional 255,319 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its stake in iShares Bitcoin Trust ETF by 19.2% in the third quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock worth $440,856,000 after purchasing an additional 1,093,183 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ:IBIT opened at $35.31 on Wednesday. The business has a 50 day simple moving average of $41.33 and a two-hundred day simple moving average of $43.46. iShares Bitcoin Trust ETF has a 1 year low of $33.48 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.