SkyBridge Capital II LLC Cuts Stock Position in iShares Bitcoin Trust ETF $IBIT

SkyBridge Capital II LLC cut its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 28.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 149,916 shares of the company’s stock after selling 59,683 shares during the quarter. iShares Bitcoin Trust ETF comprises approximately 38.7% of SkyBridge Capital II LLC’s holdings, making the stock its 2nd largest position. SkyBridge Capital II LLC’s holdings in iShares Bitcoin Trust ETF were worth $5,760,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Arete Wealth Advisors LLC increased its stake in shares of iShares Bitcoin Trust ETF by 14.0% during the 1st quarter. Arete Wealth Advisors LLC now owns 42,369 shares of the company’s stock worth $1,628,000 after purchasing an additional 5,190 shares during the last quarter. Pine Ridge Advisers LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 0.7% during the 1st quarter. Pine Ridge Advisers LLC now owns 2,243,827 shares of the company’s stock valued at $86,208,000 after purchasing an additional 16,447 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in shares of iShares Bitcoin Trust ETF by 14.3% in the 1st quarter. Sunbelt Securities Inc. now owns 8,693 shares of the company’s stock valued at $334,000 after purchasing an additional 1,089 shares during the last quarter. Gould Capital LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 47.2% in the 1st quarter. Gould Capital LLC now owns 25,847 shares of the company’s stock valued at $993,000 after purchasing an additional 8,288 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in iShares Bitcoin Trust ETF by 32.3% in the first quarter. EverSource Wealth Advisors LLC now owns 82,732 shares of the company’s stock worth $3,179,000 after purchasing an additional 20,207 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

iShares Bitcoin Trust ETF stock opened at $36.14 on Wednesday. iShares Bitcoin Trust ETF has a one year low of $32.84 and a one year high of $71.82. The company’s fifty day moving average price is $37.09 and its two-hundred day moving average price is $40.84.

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.