Invesco Ltd. Trims Stake in iShares Bitcoin Trust ETF $IBIT

Invesco Ltd. lowered its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 5.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 19,198 shares of the company’s stock after selling 1,130 shares during the period. Invesco Ltd.’s holdings in iShares Bitcoin Trust ETF were worth $899,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. American Capital Advisory LLC boosted its position in iShares Bitcoin Trust ETF by 144.7% during the first quarter. American Capital Advisory LLC now owns 553 shares of the company’s stock valued at $26,000 after buying an additional 327 shares during the period. Mather Group LLC. boosted its position in iShares Bitcoin Trust ETF by 164.2% during the first quarter. Mather Group LLC. now owns 605 shares of the company’s stock valued at $28,000 after buying an additional 376 shares during the period. Berbice Capital Management LLC boosted its position in iShares Bitcoin Trust ETF by 100.0% during the first quarter. Berbice Capital Management LLC now owns 600 shares of the company’s stock valued at $28,000 after buying an additional 300 shares during the period. Smallwood Wealth Investment Management LLC purchased a new stake in iShares Bitcoin Trust ETF during the first quarter valued at about $30,000. Finally, Reyes Financial Architecture Inc. purchased a new stake in iShares Bitcoin Trust ETF during the first quarter valued at about $33,000.

iShares Bitcoin Trust ETF Stock Performance

NASDAQ IBIT opened at $62.97 on Wednesday. The company has a 50-day simple moving average of $64.87 and a two-hundred day simple moving average of $57.42. iShares Bitcoin Trust ETF has a 12-month low of $30.24 and a 12-month high of $69.89.

iShares Bitcoin Trust ETF Company 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.