Koshinski Asset Management Inc. Sells 3,989 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Koshinski Asset Management Inc. lessened its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 38.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,396 shares of the company’s stock after selling 3,989 shares during the period. Koshinski Asset Management Inc.’s holdings in iShares Bitcoin Trust were worth $231,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of IBIT. Bracebridge Capital LLC bought a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at about $100,639,000. D. E. Shaw & Co. Inc. lifted its stake in shares of iShares Bitcoin Trust by 1,657.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock worth $90,014,000 after buying an additional 2,486,608 shares during the last quarter. Sculptor Capital LP lifted its stake in shares of iShares Bitcoin Trust by 188.1% during the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock worth $115,831,000 after buying an additional 2,215,107 shares during the last quarter. Aristeia Capital L.L.C. lifted its stake in shares of iShares Bitcoin Trust by 47.2% during the 2nd quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock worth $202,806,000 after buying an additional 1,903,644 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of iShares Bitcoin Trust during the 2nd quarter worth about $56,965,000.

iShares Bitcoin Trust Stock Performance

NASDAQ IBIT opened at $38.17 on Wednesday. The firm has a 50-day moving average of $34.48 and a 200-day moving average of $35.99. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $41.99.

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.