Chesapeake Capital Corp IL Sells 13,344 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Chesapeake Capital Corp IL trimmed its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 51.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,611 shares of the company’s stock after selling 13,344 shares during the period. Chesapeake Capital Corp IL’s holdings in iShares Bitcoin Trust were worth $431,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. FinTrust Capital Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust during the first quarter worth $26,000. Sound Income Strategies LLC acquired a new stake in shares of iShares Bitcoin Trust during the first quarter worth about $30,000. Creekmur Asset Management LLC acquired a new stake in shares of iShares Bitcoin Trust during the first quarter worth about $30,000. International Assets Investment Management LLC purchased a new stake in iShares Bitcoin Trust in the second quarter valued at approximately $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in iShares Bitcoin Trust in the 2nd quarter worth approximately $36,000.

iShares Bitcoin Trust Price Performance

Shares of iShares Bitcoin Trust stock opened at $32.51 on Tuesday. The firm has a fifty day moving average price of $34.58 and a 200 day moving average price of $36.42. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $41.99.

iShares Bitcoin Trust 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.