Pilgrim Partners Asia Pte Ltd Invests $37.23 Million in iShares Bitcoin Trust ETF $IBIT

Pilgrim Partners Asia Pte Ltd bought a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the third quarter, Holdings Channel reports. The firm bought 572,717 shares of the company’s stock, valued at approximately $37,227,000. iShares Bitcoin Trust ETF makes up about 16.6% of Pilgrim Partners Asia Pte Ltd’s portfolio, making the stock its 2nd biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in IBIT. Sachetta LLC boosted its position in shares of iShares Bitcoin Trust ETF by 793.0% in the third quarter. Sachetta LLC now owns 384 shares of the company’s stock valued at $25,000 after acquiring an additional 341 shares during the period. RMG Wealth Management LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the 2nd quarter worth approximately $30,000. JFS Wealth Advisors LLC lifted its position in shares of iShares Bitcoin Trust ETF by 1,277.1% in the 2nd quarter. JFS Wealth Advisors LLC now owns 482 shares of the company’s stock worth $30,000 after acquiring an additional 447 shares during the period. Roble Belko & Company Inc grew its holdings in shares of iShares Bitcoin Trust ETF by 77.2% during the 3rd quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares in the last quarter. Finally, Highline Wealth Partners LLC increased its position in shares of iShares Bitcoin Trust ETF by 150.0% during the third quarter. Highline Wealth Partners LLC now owns 500 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares during the period.

iShares Bitcoin Trust ETF Stock Down 2.1%

Shares of IBIT stock opened at $49.65 on Tuesday. iShares Bitcoin Trust ETF has a one year low of $42.98 and a one year high of $71.82. The stock has a fifty day moving average price of $50.99 and a 200 day moving average price of $59.59.

iShares Bitcoin Trust ETF 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.