Newbridge Financial Services Group Inc. Lowers Stock Holdings in iShares Bitcoin Trust ETF $IBIT

Newbridge Financial Services Group Inc. trimmed its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 23.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 50,348 shares of the company’s stock after selling 15,168 shares during the period. Newbridge Financial Services Group Inc.’s holdings in iShares Bitcoin Trust ETF were worth $2,500,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. 59 North Capital Management LP bought a new stake in shares of iShares Bitcoin Trust ETF during the 3rd quarter worth $169,100,000. Sculptor Capital LP lifted its holdings in shares of 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 worth $274,664,000 after acquiring an additional 1,673,788 shares during the last quarter. Mariner Investment Group LLC increased its stake in shares of iShares Bitcoin Trust ETF by 142.3% in the third quarter. Mariner Investment Group LLC now owns 2,015,094 shares of the company’s stock worth $130,981,000 after buying an additional 1,183,414 shares during the period. Verde Servicos Internacionais S.A. increased its stake in shares of iShares Bitcoin Trust ETF by 167.4% in the third quarter. Verde Servicos Internacionais S.A. now owns 1,813,449 shares of the company’s stock worth $117,874,000 after buying an additional 1,135,290 shares during the period. Finally, Schonfeld Strategic Advisors LLC increased its stake in shares of iShares Bitcoin Trust ETF by 19.2% in the third quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock worth $440,856,000 after buying an additional 1,093,183 shares during the period.

iShares Bitcoin Trust ETF Stock Up 4.1%

Shares of NASDAQ IBIT opened at $39.52 on Tuesday. The firm’s fifty day moving average is $40.02 and its 200 day moving average is $50.60. iShares Bitcoin Trust ETF has a 52 week low of $35.30 and a 52 week 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.