Sovran Advisors LLC increased its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 27.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 323,741 shares of the company’s stock after purchasing an additional 70,329 shares during the period. iShares Bitcoin Trust ETF accounts for approximately 1.7% of Sovran Advisors LLC’s investment portfolio, making the stock its 6th biggest holding. Sovran Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $19,554,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of IBIT. JPMorgan Chase & Co. lifted its stake in shares of iShares Bitcoin Trust ETF by 1,119.9% in the second quarter. JPMorgan Chase & Co. now owns 3,217,056 shares of the company’s stock worth $196,916,000 after acquiring an additional 2,953,342 shares during the period. Mint Tower Capital Management B.V. boosted its stake in shares of iShares Bitcoin Trust ETF by 1,131.5% in the 2nd quarter. Mint Tower Capital Management B.V. now owns 2,849,285 shares of the company’s stock valued at $174,405,000 after purchasing an additional 2,617,925 shares during the last quarter. Harvard Management Co. Inc. bought a new stake in shares of iShares Bitcoin Trust ETF in the 2nd quarter valued at $116,666,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of iShares Bitcoin Trust ETF during the second quarter worth $113,404,000. Finally, Capula Management Ltd raised its stake in iShares Bitcoin Trust ETF by 22.5% during the second quarter. Capula Management Ltd now owns 9,481,233 shares of the company’s stock worth $580,346,000 after buying an additional 1,739,073 shares during the last quarter.
iShares Bitcoin Trust ETF Stock Performance
IBIT stock opened at $50.70 on Monday. The company’s fifty day simple moving average is $51.04 and its 200 day simple moving average is $59.69. iShares Bitcoin Trust ETF has a 12-month low of $42.98 and a 12-month high of $71.82.
About iShares Bitcoin Trust ETF
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.
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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report).
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