iShares Bitcoin Trust ETF $IBIT Stock: StoneX Group Inc. Trims Stake

StoneX Group Inc. decreased its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 67.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 25,087 shares of the company’s stock after selling 51,557 shares during the period. StoneX Group Inc.’s holdings in iShares Bitcoin Trust ETF were worth $1,188,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NEOS Investment Management LLC lifted its position in iShares Bitcoin Trust ETF by 55.4% during the second quarter. NEOS Investment Management LLC now owns 5,424,563 shares of the company’s stock valued at $180,584,000 after purchasing an additional 1,933,888 shares during the period. Walleye Capital LLC grew its position in iShares Bitcoin Trust ETF by 332.4% in the 1st quarter. Walleye Capital LLC now owns 4,317,555 shares of the company’s stock worth $165,880,000 after purchasing an additional 3,319,115 shares during the period. Pilgrim Partners Asia Pte Ltd grew its position in iShares Bitcoin Trust ETF by 43.1% in the 3rd quarter. Pilgrim Partners Asia Pte Ltd now owns 2,607,600 shares of the company’s stock worth $123,444,000 after purchasing an additional 785,300 shares during the period. Pine Ridge Advisers LLC grew its position in iShares Bitcoin Trust ETF by 0.7% in the 1st quarter. Pine Ridge Advisers LLC now owns 2,243,827 shares of the company’s stock worth $86,208,000 after purchasing an additional 16,447 shares during the period. Finally, SigFig Wealth Management LLC purchased a new stake in iShares Bitcoin Trust ETF during the 3rd quarter valued at $73,942,000.

iShares Bitcoin Trust ETF Trading Down 1.3%

Shares of IBIT opened at $42.32 on Tuesday. The firm has a fifty day simple moving average of $45.78 and a two-hundred day simple moving average of $41.30. iShares Bitcoin Trust ETF has a 1-year low of $32.84 and a 1-year high of $60.36.

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.