Wolverine Asset Management LLC Lowers Position in iShares Bitcoin Trust ETF $IBIT

Wolverine Asset Management LLC decreased its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 52.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 553,690 shares of the company’s stock after selling 609,104 shares during the period. Wolverine Asset Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $35,990,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. JNBA Financial Advisors raised its position in iShares Bitcoin Trust ETF by 1,329.7% during the third quarter. JNBA Financial Advisors now owns 2,502 shares of the company’s stock worth $163,000 after acquiring an additional 2,327 shares during the period. Cannon Global Investment Management LLC increased its stake in iShares Bitcoin Trust ETF by 4.7% during the 3rd quarter. Cannon Global Investment Management LLC now owns 11,100 shares of the company’s stock worth $722,000 after buying an additional 500 shares in the last quarter. Wolff Wiese Magana LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 49.6% during the third quarter. Wolff Wiese Magana LLC now owns 1,020 shares of the company’s stock valued at $66,000 after acquiring an additional 338 shares during the last quarter. Copperleaf Capital LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 16.9% during the third quarter. Copperleaf Capital LLC now owns 536,552 shares of the company’s stock valued at $34,876,000 after acquiring an additional 77,414 shares during the last quarter. Finally, Global Trust Asset Management LLC lifted its position in shares of iShares Bitcoin Trust ETF by 530.0% in the third quarter. Global Trust Asset Management LLC now owns 630 shares of the company’s stock valued at $41,000 after acquiring an additional 530 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Down 2.6%

Shares of NASDAQ:IBIT opened at $54.00 on Friday. iShares Bitcoin Trust ETF has a 1 year low of $42.98 and a 1 year high of $71.82. The business’s 50 day moving average price is $51.68 and its 200-day moving average price is $60.14.

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.