Park Avenue Securities LLC purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 25,440 shares of the company's stock, valued at approximately $919,000.
A number of other hedge funds have also modified their holdings of the company. Unique Wealth LLC raised its stake in iShares Bitcoin Trust by 18.4% during the 3rd quarter. Unique Wealth LLC now owns 14,573 shares of the company's stock worth $527,000 after buying an additional 2,263 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in shares of iShares Bitcoin Trust by 569.8% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,487 shares of the company's stock valued at $54,000 after purchasing an additional 1,265 shares in the last quarter. Doliver Advisors LP grew its position in shares of iShares Bitcoin Trust by 4.9% in the 3rd quarter. Doliver Advisors LP now owns 7,558 shares of the company's stock valued at $273,000 after purchasing an additional 350 shares during the period. Centaurus Financial Inc. increased its stake in iShares Bitcoin Trust by 8.9% during the 2nd quarter. Centaurus Financial Inc. now owns 8,783 shares of the company's stock worth $300,000 after purchasing an additional 720 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in iShares Bitcoin Trust during the 2nd quarter worth approximately $392,000.
iShares Bitcoin Trust Stock Performance
Shares of IBIT traded down $0.73 during midday trading on Thursday, hitting $33.95. The stock had a trading volume of 25,896,378 shares, compared to its average volume of 30,137,207. The company has a 50 day simple moving average of $34.22 and a two-hundred day simple moving average of $36.11. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $41.99.
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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