Persistent Asset Partners Ltd Sells 52,800 Shares of iShares Bitcoin Trust ETF $IBIT

Persistent Asset Partners Ltd cut its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 54.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,200 shares of the company’s stock after selling 52,800 shares during the quarter. iShares Bitcoin Trust ETF accounts for 2.0% of Persistent Asset Partners Ltd’s investment portfolio, making the stock its 8th largest position. Persistent Asset Partners Ltd’s holdings in iShares Bitcoin Trust ETF were worth $2,873,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IBIT. Brighton Jones LLC acquired a new position in iShares Bitcoin Trust ETF during the fourth quarter worth $711,000. Bison Wealth LLC purchased a new position in iShares Bitcoin Trust ETF during the fourth quarter worth about $3,140,000. Royal Bank of Canada increased its holdings in iShares Bitcoin Trust ETF by 3.6% in the 1st quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock valued at $2,898,000 after purchasing an additional 2,148 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of iShares Bitcoin Trust ETF by 427.2% in the first quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock valued at $102,000 after buying an additional 1,760 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in iShares Bitcoin Trust ETF during the second quarter worth about $357,000.

iShares Bitcoin Trust ETF Trading Up 1.4%

Shares of NASDAQ IBIT opened at $38.07 on Friday. The business’s fifty day simple moving average is $47.55 and its 200-day simple moving average is $56.52. iShares Bitcoin Trust ETF has a 12-month low of $35.30 and a 12-month high of $71.82.

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.