Paragon Advisors LLC raised its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 54.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 458,111 shares of the company's stock after purchasing an additional 162,178 shares during the period. iShares Bitcoin Trust accounts for about 5.4% of Paragon Advisors LLC's portfolio, making the stock its 4th biggest position. Paragon Advisors LLC owned about 0.07% of iShares Bitcoin Trust worth $16,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the stock. Evolution Wealth Advisors LLC raised its holdings in iShares Bitcoin Trust by 275.8% during the 3rd quarter. Evolution Wealth Advisors LLC now owns 122,129 shares of the company's stock valued at $4,413,000 after buying an additional 89,634 shares during the period. Vishria Bird Financial Group LLC bought a new position in iShares Bitcoin Trust during the third quarter valued at $4,491,000. Empowered Funds LLC purchased a new stake in shares of iShares Bitcoin Trust in the third quarter valued at $2,298,000. Lifeworks Advisors LLC lifted its holdings in shares of iShares Bitcoin Trust by 22.9% in the 3rd quarter. Lifeworks Advisors LLC now owns 111,383 shares of the company's stock worth $4,024,000 after acquiring an additional 20,746 shares during the last quarter. Finally, Black Swift Group LLC boosted its stake in shares of iShares Bitcoin Trust by 7.0% during the 3rd quarter. Black Swift Group LLC now owns 10,700 shares of the company's stock worth $387,000 after purchasing an additional 700 shares during the period.
iShares Bitcoin Trust Stock Performance
iShares Bitcoin Trust stock traded up $2.40 during midday trading on Friday, reaching $52.13. The stock had a trading volume of 46,939,425 shares, compared to its average volume of 32,457,395. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $53.26. The company has a fifty day moving average of $38.39 and a 200 day moving average of $36.73.
About iShares Bitcoin Trust
(
Free Report)
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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