iShares Bitcoin Trust ETF $IBIT Shares Sold by OceanIQ Capital LLC

OceanIQ Capital LLC decreased its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 50.1% in the third quarter, Holdings Channel reports. The firm owned 11,345 shares of the company’s stock after selling 11,370 shares during the quarter. OceanIQ Capital LLC’s holdings in iShares Bitcoin Trust ETF were worth $535,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in IBIT. Jackson Square Capital LLC acquired a new stake in iShares Bitcoin Trust ETF in the 3rd quarter valued at $3,906,000. Client 1ST Advisory Group LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the 3rd quarter worth about $295,000. Optivise Advisory Services LLC boosted its position in iShares Bitcoin Trust ETF by 54.7% in the third quarter. Optivise Advisory Services LLC now owns 20,812 shares of the company’s stock valued at $985,000 after buying an additional 7,357 shares in the last quarter. Finer Wealth Management Inc. grew its stake in iShares Bitcoin Trust ETF by 6.9% during the third quarter. Finer Wealth Management Inc. now owns 88,444 shares of the company’s stock worth $4,187,000 after buying an additional 5,681 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC grew its stake in iShares Bitcoin Trust ETF by 10.5% during the third quarter. Robertson Stephens Wealth Management LLC now owns 9,125 shares of the company’s stock worth $432,000 after buying an additional 869 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ IBIT traded up $0.17 during mid-day trading on Monday, hitting $46.32. 16,994,270 shares of the stock were exchanged, compared to its average volume of 51,859,383. The stock’s fifty day simple moving average is $44.27 and its two-hundred day simple moving average is $40.96. iShares Bitcoin Trust ETF has a twelve month low of $32.84 and a twelve month high of $65.97.

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.