Franchise Capital Ltd Trims Stake in iShares Bitcoin Trust ETF $IBIT

Franchise Capital Ltd reduced its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 50.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,603 shares of the company’s stock after selling 2,602 shares during the quarter. iShares Bitcoin Trust ETF comprises about 0.1% of Franchise Capital Ltd’s portfolio, making the stock its 16th biggest position. Franchise Capital Ltd’s holdings in iShares Bitcoin Trust ETF were worth $159,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Signature Resources Capital Management LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 81.6% in the 2nd quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock valued at $27,000 after acquiring an additional 200 shares during the period. American Capital Advisory LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 144.7% in the 1st quarter. American Capital Advisory LLC now owns 553 shares of the company’s stock valued at $26,000 after acquiring an additional 327 shares during the period. Berbice Capital Management LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 100.0% in the 1st quarter. Berbice Capital Management LLC now owns 600 shares of the company’s stock valued at $28,000 after acquiring an additional 300 shares during the period. Mather Group LLC. increased its holdings in shares of iShares Bitcoin Trust ETF by 164.2% in the 1st quarter. Mather Group LLC. now owns 605 shares of the company’s stock valued at $28,000 after acquiring an additional 376 shares during the period. Finally, TD Capital Management LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 48.9% in the 1st quarter. TD Capital Management LLC now owns 636 shares of the company’s stock valued at $30,000 after acquiring an additional 209 shares during the period.

iShares Bitcoin Trust ETF Trading Up 2.1%

Shares of NASDAQ:IBIT opened at $71.29 on Tuesday. iShares Bitcoin Trust ETF has a 12-month low of $33.47 and a 12-month high of $71.82. The business’s fifty day simple moving average is $65.18 and its 200-day simple moving average is $60.07.

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.