Q Fund Management Hong Kong Ltd Has $2.58 Million Stake in iShares Bitcoin Trust ETF $IBIT

Q Fund Management Hong Kong Ltd decreased its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 82.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,000 shares of the company’s stock after selling 237,947 shares during the period. iShares Bitcoin Trust ETF makes up about 2.4% of Q Fund Management Hong Kong Ltd’s investment portfolio, making the stock its 9th largest position. Q Fund Management Hong Kong Ltd’s holdings in iShares Bitcoin Trust ETF were worth $2,582,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. McIlrath & Eck LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 30.3% during the 2nd quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock worth $43,000 after purchasing an additional 163 shares during the period. Vivaldi Capital Management LP raised its position in iShares Bitcoin Trust ETF by 3.3% in the 2nd quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock worth $314,000 after purchasing an additional 163 shares during the period. Howard Capital Management Group LLC lifted its stake in iShares Bitcoin Trust ETF by 0.6% in the third quarter. Howard Capital Management Group LLC now owns 25,690 shares of the company’s stock worth $1,670,000 after purchasing an additional 165 shares during the last quarter. Encompass Wealth Advisors LLC lifted its stake in iShares Bitcoin Trust ETF by 2.2% in the third quarter. Encompass Wealth Advisors LLC now owns 7,660 shares of the company’s stock worth $498,000 after purchasing an additional 165 shares during the last quarter. Finally, Thoroughbred Financial Services LLC boosted its position in shares of iShares Bitcoin Trust ETF by 3.3% during the third quarter. Thoroughbred Financial Services LLC now owns 5,323 shares of the company’s stock valued at $345,000 after buying an additional 172 shares during the period.

iShares Bitcoin Trust ETF Stock Down 3.7%

IBIT opened at $37.40 on Friday. The stock’s 50 day moving average price is $41.56 and its 200-day moving average price is $51.93. iShares Bitcoin Trust ETF has a one year low of $35.30 and a one year high of $71.82.

About iShares Bitcoin Trust ETF

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.