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Park Edge Advisors LLC Acquires 58,747 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

iShares Bitcoin Trust logo with Finance, Insurance, And Real Estate background

Park Edge Advisors LLC lifted its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 318.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,182 shares of the company's stock after acquiring an additional 58,747 shares during the period. iShares Bitcoin Trust makes up about 0.8% of Park Edge Advisors LLC's portfolio, making the stock its 18th largest holding. Park Edge Advisors LLC's holdings in iShares Bitcoin Trust were worth $2,789,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Private Advisor Group LLC raised its stake in iShares Bitcoin Trust by 117.9% during the third quarter. Private Advisor Group LLC now owns 335,820 shares of the company's stock worth $12,133,000 after acquiring an additional 181,700 shares in the last quarter. Kingsview Wealth Management LLC acquired a new position in iShares Bitcoin Trust during the 1st quarter worth approximately $1,403,000. Financial Sense Advisors Inc. bought a new position in iShares Bitcoin Trust in the 1st quarter valued at approximately $1,278,000. Axxcess Wealth Management LLC acquired a new stake in iShares Bitcoin Trust in the first quarter valued at approximately $965,000. Finally, Pachira Investments Inc. bought a new stake in shares of iShares Bitcoin Trust during the third quarter worth $1,214,000.

iShares Bitcoin Trust Stock Down 2.2 %

Shares of NASDAQ:IBIT traded down $0.86 during trading on Friday, hitting $38.01. 51,745,568 shares of the company were exchanged, compared to its average volume of 30,353,623. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $41.99. The business's 50 day moving average is $35.27 and its 200-day moving average is $35.98.

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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Institutional Ownership by Quarter for iShares Bitcoin Trust (NASDAQ:IBIT)

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