Evolution Wealth Advisors LLC Cuts Stock Holdings in iShares Bitcoin Trust ETF $IBIT

Evolution Wealth Advisors LLC lowered its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 16.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 148,686 shares of the company’s stock after selling 28,636 shares during the quarter. iShares Bitcoin Trust ETF makes up 0.7% of Evolution Wealth Advisors LLC’s portfolio, making the stock its 22nd biggest position. Evolution Wealth Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $7,382,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IBIT. Capula Management Ltd increased its holdings in iShares Bitcoin Trust ETF by 22.5% during the second quarter. Capula Management Ltd now owns 9,481,233 shares of the company’s stock valued at $580,346,000 after buying an additional 1,739,073 shares during the period. Schonfeld Strategic Advisors LLC raised its stake in 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 in the last quarter. Sculptor Capital LP lifted its holdings in iShares Bitcoin Trust ETF by 59.5% during the second quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock worth $274,664,000 after buying an additional 1,673,788 shares during the period. JPMorgan Chase & Co. lifted its holdings in iShares Bitcoin Trust ETF by 1,119.9% during the second quarter. JPMorgan Chase & Co. now owns 3,217,056 shares of the company’s stock worth $196,916,000 after buying an additional 2,953,342 shares during the period. Finally, 59 North Capital Management LP bought a new stake in iShares Bitcoin Trust ETF during the 3rd quarter valued at $169,100,000.

iShares Bitcoin Trust ETF Trading Up 2.3%

Shares of NASDAQ:IBIT opened at $40.17 on Thursday. iShares Bitcoin Trust ETF has a 12-month low of $35.30 and a 12-month high of $71.82. The business’s fifty day simple moving average is $42.20 and its 200-day simple moving average is $52.21.

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.