J2 Capital Management Inc Cuts Stock Position in iShares Bitcoin Trust ETF $IBIT

J2 Capital Management Inc decreased its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 10.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,550 shares of the company’s stock after selling 1,602 shares during the quarter. iShares Bitcoin Trust ETF comprises approximately 0.7% of J2 Capital Management Inc’s holdings, making the stock its 25th biggest holding. J2 Capital Management Inc’s holdings in iShares Bitcoin Trust ETF were worth $829,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in IBIT. Brighton Jones LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter worth about $711,000. Bison Wealth LLC acquired a new position in iShares Bitcoin Trust ETF during the 4th quarter worth approximately $3,140,000. Fifth Third Wealth Advisors LLC purchased a new position in iShares Bitcoin Trust ETF in the 1st quarter worth approximately $241,000. NBC Securities Inc. grew its position in iShares Bitcoin Trust ETF by 92,450.0% in the first quarter. NBC Securities Inc. now owns 1,851 shares of the company’s stock valued at $86,000 after acquiring an additional 1,849 shares in the last quarter. Finally, Merit Financial Group LLC grew its position in iShares Bitcoin Trust ETF by 51.8% in the first quarter. Merit Financial Group LLC now owns 26,566 shares of the company’s stock valued at $1,244,000 after acquiring an additional 9,066 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Up 2.7%

IBIT opened at $66.74 on Thursday. iShares Bitcoin Trust ETF has a twelve month low of $33.47 and a twelve month high of $69.89. The company has a fifty day simple moving average of $65.00 and a 200 day simple moving average of $59.44.

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.