iShares Bitcoin Trust ETF $IBIT Stock Holdings Trimmed by Encompass More Asset Management

Encompass More Asset Management reduced its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 52.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 223,488 shares of the company’s stock after selling 244,794 shares during the quarter. iShares Bitcoin Trust ETF comprises approximately 1.6% of Encompass More Asset Management’s portfolio, making the stock its 13th biggest position. Encompass More Asset Management’s holdings in iShares Bitcoin Trust ETF were worth $10,580,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of IBIT. Walleye Capital LLC raised its stake in shares of iShares Bitcoin Trust ETF by 332.4% during the 1st quarter. Walleye Capital LLC now owns 4,317,555 shares of the company’s stock worth $165,880,000 after buying an additional 3,319,115 shares in the last quarter. NEOS Investment Management LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 55.4% in the 2nd quarter. NEOS Investment Management LLC now owns 5,424,563 shares of the company’s stock valued at $180,584,000 after buying an additional 1,933,888 shares during the period. SigFig Wealth Management LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the 3rd quarter valued at approximately $73,942,000. Himension Capital Singapore PTE. LTD. acquired a new stake in shares of iShares Bitcoin Trust ETF in the 1st quarter valued at approximately $18,480,000. Finally, Proficio Capital Partners LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 390.7% in the second quarter. Proficio Capital Partners LLC now owns 505,612 shares of the company’s stock valued at $16,832,000 after buying an additional 402,567 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

iShares Bitcoin Trust ETF stock opened at $46.15 on Friday. The stock’s 50 day moving average price is $44.27 and its 200 day moving average price is $40.94. iShares Bitcoin Trust ETF has a 1-year low of $32.84 and a 1-year high of $65.97.

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.