Park Edge Advisors LLC Sells 36,346 Shares of iShares Bitcoin Trust ETF $IBIT

Park Edge Advisors LLC trimmed its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 53.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,535 shares of the company’s stock after selling 36,346 shares during the quarter. Park Edge Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,566,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sachetta LLC grew its stake 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 worth $25,000 after acquiring an additional 341 shares during the last quarter. Chapman Financial Group LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the 3rd quarter worth about $25,000. Anchor Investment Management LLC raised its position in shares of iShares Bitcoin Trust ETF by 210.3% in the 3rd quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock worth $29,000 after purchasing an additional 305 shares during the last quarter. Roble Belko & Company Inc boosted its stake in iShares Bitcoin Trust ETF by 77.2% in 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, Financial Life Planners bought a new position in iShares Bitcoin Trust ETF in the 3rd quarter worth about $31,000.

iShares Bitcoin Trust ETF Price Performance

Shares of IBIT stock opened at $37.97 on Friday. iShares Bitcoin Trust ETF has a one year low of $35.30 and a one year high of $71.82. The company’s 50-day moving average is $40.48 and its 200 day moving average is $51.19.

About iShares Bitcoin Trust ETF

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.