Yong Rong HK Asset Management Ltd lowered its position in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) by 15.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 625,601 shares of the company’s stock after selling 110,960 shares during the quarter. iShares Bitcoin Trust accounts for 6.5% of Yong Rong HK Asset Management Ltd’s investment portfolio, making the stock its 8th biggest position. Yong Rong HK Asset Management Ltd owned 0.10% of iShares Bitcoin Trust worth $22,603,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBIT. Sequoia Financial Advisors LLC acquired a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at about $609,000. BNP Paribas Financial Markets acquired a new position in iShares Bitcoin Trust during the first quarter valued at approximately $42,000. Almanack Investment Partners LLC. purchased a new stake in iShares Bitcoin Trust during the first quarter worth approximately $744,000. Gilbert & Cook Inc. acquired a new stake in shares of iShares Bitcoin Trust in the first quarter worth $440,000. Finally, Thompson Davis & CO. Inc. purchased a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at $451,000.
iShares Bitcoin Trust Stock Down 1.0 %
Shares of iShares Bitcoin Trust stock opened at $39.37 on Friday. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $41.99. The company has a fifty day moving average price of $35.82 and a 200 day moving average price of $36.05.
About iShares Bitcoin Trust
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.
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