Weiss Asset Management LP Has $87.61 Million Stock Position in iShares Bitcoin Trust ETF $IBIT

Weiss Asset Management LP trimmed its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 70.8% during the first quarter, HoldingsChannel.com reports. The fund owned 2,280,228 shares of the company’s stock after selling 5,521,755 shares during the quarter. iShares Bitcoin Trust ETF accounts for about 1.5% of Weiss Asset Management LP’s holdings, making the stock its 9th largest position. Weiss Asset Management LP’s holdings in iShares Bitcoin Trust ETF were worth $87,606,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Semmax Financial Advisors Inc. grew its holdings in shares of iShares Bitcoin Trust ETF by 135.9% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after purchasing an additional 284 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. boosted its position in iShares Bitcoin Trust ETF by 12,500.0% in the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock valued at $25,000 after buying an additional 500 shares in the last quarter. Sfam LLC bought a new stake in iShares Bitcoin Trust ETF during the fourth quarter worth about $26,000. Key Capital Management INC bought a new stake in iShares Bitcoin Trust ETF during the fourth quarter worth about $26,000. Finally, Vermillion & White Wealth Management Group LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 637.5% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock worth $26,000 after buying an additional 459 shares in the last quarter.

iShares Bitcoin Trust ETF Trading Down 0.8%

NASDAQ:IBIT opened at $36.35 on Friday. The firm has a 50 day moving average of $37.37 and a 200-day moving average of $41.15. iShares Bitcoin Trust ETF has a 1 year low of $32.84 and a 1 year high of $71.82.

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.