In a significant move, JBF Capital Inc. has decreased its ownership in the iShares Bitcoin Trust ETF (NASDAQ: IBIT) by 64.8% during the second quarter of the year. According to the company”s recent filing with the Securities and Exchange Commission (SEC), JBF now holds 87,000 shares after divesting 160,000 shares during this period.
This reduction means that iShares Bitcoin Trust ETF now constitutes approximately 0.8% of JBF Capital Inc.”s total portfolio, ranking it as the firm”s 11th largest holding. The value of JBF”s remaining shares in the ETF stands at $5,325,000 at the close of the last quarter.
Other institutional investors have also been active in adjusting their positions regarding the iShares Bitcoin Trust ETF. Brighton Jones LLC acquired a new stake valued at $711,000 in the fourth quarter, while Bison Wealth LLC invested approximately $3,140,000 during the same period.
Furthermore, Bank of New York Mellon Corp has increased its stake in the ETF by an impressive 89.9% in the first quarter, now owning 48,073 shares valued at $2,250,000 after adding 22,764 shares. Envestnet Asset Management Inc. also ramped up its holdings by 57.4%, acquiring a total of 325,241 shares worth $15,225,000 after purchasing an additional 118,605 shares in the last quarter.
In addition, Apollon Wealth Management LLC has raised its position by 8.2% during the first quarter, now holding 8,387 shares valued at $393,000 after acquiring an extra 635 shares.
iShares Bitcoin Trust ETF Price Trends
As for the price performance of the iShares Bitcoin Trust ETF, shares opened at $53.47 on Friday. The ETF”s 50-day moving average price is $63.39, while the 200-day moving average price sits at $62.67. Over the past year, the iShares Bitcoin Trust ETF has experienced a low of $42.98 and a high of $71.82.
Overview of iShares Bitcoin Trust ETF
The iShares Bitcoin Trust ETF is an exchange-traded fund primarily investing in Bitcoin while shorting USD currency. This passively managed fund aims to replicate the spot price of Bitcoin and was launched on January 5, 2024, under the management of BlackRock.
For those seeking to keep up with the latest changes in institutional holdings related to the iShares Bitcoin Trust ETF, HoldingsChannel.com provides updated 13F filings and insider trading information.
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