Envestnet Asset Management Inc. Trims Stock Position in iShares Bitcoin Trust ETF $IBIT

Envestnet Asset Management Inc. lessened its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 11.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 410,960 shares of the company’s stock after selling 54,124 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares Bitcoin Trust ETF were worth $26,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of IBIT. JPMorgan Chase & Co. increased its holdings in shares of 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 purchasing an additional 2,953,342 shares during the period. Mint Tower Capital Management B.V. boosted its position 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 purchasing an additional 2,617,925 shares in the last quarter. Harvard Management Co. Inc. purchased a new stake in shares of iShares Bitcoin Trust ETF in the 2nd quarter worth about $116,666,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of iShares Bitcoin Trust ETF in the second quarter valued at approximately $113,404,000. Finally, Capula Management Ltd increased its position 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 worth $580,346,000 after buying an additional 1,739,073 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

NASDAQ:IBIT opened at $37.05 on Friday. The company’s 50-day moving average is $48.91 and its two-hundred day moving average is $57.49. iShares Bitcoin Trust ETF has a 12-month low of $35.30 and a 12-month high of $71.82.

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.