Stevens Capital Management LP Grows Stock Position in iShares Bitcoin Trust ETF $IBIT

Stevens Capital Management LP boosted its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 1,047.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 211,125 shares of the company’s stock after acquiring an additional 192,719 shares during the period. iShares Bitcoin Trust ETF accounts for about 1.8% of Stevens Capital Management LP’s portfolio, making the stock its 18th largest holding. Stevens Capital Management LP’s holdings in iShares Bitcoin Trust ETF were worth $13,723,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capula Management Ltd lifted its stake in shares of iShares Bitcoin Trust ETF by 22.5% in the 2nd quarter. Capula Management Ltd now owns 9,481,233 shares of the company’s stock valued at $580,346,000 after purchasing an additional 1,739,073 shares during the last quarter. Sculptor Capital LP raised its holdings in iShares Bitcoin Trust ETF by 59.5% in the 2nd quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock valued at $274,664,000 after buying an additional 1,673,788 shares during the period. JPMorgan Chase & Co. lifted its position in iShares Bitcoin Trust ETF by 1,119.9% in the second quarter. JPMorgan Chase & Co. now owns 3,217,056 shares of the company’s stock valued at $196,916,000 after buying an additional 2,953,342 shares during the last quarter. Mint Tower Capital Management B.V. boosted its stake in iShares Bitcoin Trust ETF by 1,131.5% during the second quarter. Mint Tower Capital Management B.V. now owns 2,849,285 shares of the company’s stock worth $174,405,000 after buying an additional 2,617,925 shares during the period. Finally, Harvard Management Co. Inc. purchased a new position in iShares Bitcoin Trust ETF during the second quarter worth about $116,666,000.

iShares Bitcoin Trust ETF Price Performance

iShares Bitcoin Trust ETF stock opened at $38.42 on Friday. The company’s 50 day simple moving average is $47.30 and its 200-day simple moving average is $56.34. iShares Bitcoin Trust ETF has a 1 year low of $35.30 and a 1 year 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.