Pennsylvania Capital Management Inc. ADV bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,102 shares of the company's stock, valued at approximately $642,000.
Several other institutional investors have also recently added to or reduced their stakes in IBIT. Sloy Dahl & Holst LLC increased its position in iShares Bitcoin Trust by 11.4% in the 4th quarter. Sloy Dahl & Holst LLC now owns 17,891 shares of the company's stock valued at $949,000 after buying an additional 1,835 shares in the last quarter. Calamos Wealth Management LLC acquired a new stake in iShares Bitcoin Trust in the 4th quarter valued at $796,000. Columbus Macro LLC bought a new stake in iShares Bitcoin Trust during the 4th quarter valued at $289,000. Clay Northam Wealth Management LLC raised its holdings in iShares Bitcoin Trust by 24.3% during the fourth quarter. Clay Northam Wealth Management LLC now owns 11,925 shares of the company's stock worth $633,000 after buying an additional 2,330 shares during the last quarter. Finally, Optas LLC bought a new position in shares of iShares Bitcoin Trust in the fourth quarter valued at $227,000.
iShares Bitcoin Trust Stock Down 1.6 %
Shares of NASDAQ IBIT traded down $0.89 during mid-day trading on Wednesday, reaching $55.24. 15,831,932 shares of the company's stock traded hands, compared to its average volume of 47,839,813. iShares Bitcoin Trust has a 1-year low of $24.45 and a 1-year high of $61.75. The business has a 50-day simple moving average of $56.35 and a 200 day simple moving average of $44.55.
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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