Bridger Management LLC Reduces Stock Position in iShares Bitcoin Trust ETF $IBIT

Bridger Management LLC cut its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 23.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,119 shares of the company’s stock after selling 25,081 shares during the period. iShares Bitcoin Trust ETF comprises 1.9% of Bridger Management LLC’s holdings, making the stock its 19th largest holding. Bridger Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $3,891,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in IBIT. American Capital Advisory LLC increased its stake in iShares Bitcoin Trust ETF by 144.7% during the first quarter. American Capital Advisory LLC now owns 553 shares of the company’s stock worth $26,000 after acquiring an additional 327 shares during the last quarter. Berbice Capital Management LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 100.0% in the 1st quarter. Berbice Capital Management LLC now owns 600 shares of the company’s stock worth $28,000 after purchasing an additional 300 shares during the period. Mather Group LLC. increased its position in shares of iShares Bitcoin Trust ETF by 164.2% during the 1st quarter. Mather Group LLC. now owns 605 shares of the company’s stock valued at $28,000 after purchasing an additional 376 shares during the last quarter. TD Capital Management LLC increased its position in shares of iShares Bitcoin Trust ETF by 48.9% during the 1st quarter. TD Capital Management LLC now owns 636 shares of the company’s stock valued at $30,000 after purchasing an additional 209 shares during the last quarter. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in iShares Bitcoin Trust ETF during the 1st quarter valued at $30,000.

iShares Bitcoin Trust ETF Stock Performance

Shares of IBIT opened at $62.97 on Wednesday. The business has a fifty day moving average of $64.87 and a 200 day moving average of $57.42. iShares Bitcoin Trust ETF has a 52-week low of $30.24 and a 52-week high of $69.89.

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.