iShares Bitcoin Trust ETF $IBIT Stock: M Holdings Securities Inc. Decreases Position

M Holdings Securities Inc. trimmed its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 19.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,547 shares of the company’s stock after selling 12,182 shares during the period. M Holdings Securities Inc.’s holdings in iShares Bitcoin Trust ETF were worth $2,196,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBIT. Walleye Capital LLC grew its stake in shares of iShares Bitcoin Trust ETF by 332.4% during the first quarter. Walleye Capital LLC now owns 4,317,555 shares of the company’s stock valued at $165,880,000 after acquiring an additional 3,319,115 shares in the last quarter. NEOS Investment Management LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 55.4% in the second quarter. NEOS Investment Management LLC now owns 5,424,563 shares of the company’s stock worth $180,584,000 after acquiring an additional 1,933,888 shares in the last quarter. SigFig Wealth Management LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the third quarter worth about $73,942,000. Pilgrim Partners Asia Pte Ltd lifted its stake in shares of iShares Bitcoin Trust ETF by 43.1% in the third quarter. Pilgrim Partners Asia Pte Ltd now owns 2,607,600 shares of the company’s stock worth $123,444,000 after acquiring an additional 785,300 shares in the last quarter. Finally, Himension Capital Singapore PTE. LTD. purchased a new position in iShares Bitcoin Trust ETF in the first quarter valued at about $18,480,000.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ IBIT opened at $42.32 on Tuesday. The business has a 50 day moving average price of $45.78 and a two-hundred day moving average price of $41.30. iShares Bitcoin Trust ETF has a fifty-two week low of $32.84 and a fifty-two week high of $60.36.

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.