Park Avenue Securities LLC boosted its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 12.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,375 shares of the company’s stock after buying an additional 11,059 shares during the period. Park Avenue Securities LLC’s holdings in iShares Bitcoin Trust ETF were worth $4,704,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WESPAC Advisors LLC purchased a new stake in iShares Bitcoin Trust ETF during the third quarter valued at approximately $643,000. Segment Wealth Management LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the 3rd quarter valued at approximately $329,000. Verdence Capital Advisors LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the 3rd quarter worth approximately $416,000. National Wealth Management Group LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 4.5% in the 3rd quarter. National Wealth Management Group LLC now owns 16,078 shares of the company’s stock worth $761,000 after purchasing an additional 685 shares during the period. Finally, FSA Wealth Partners Inc. purchased a new position in shares of iShares Bitcoin Trust ETF in the 3rd quarter worth approximately $430,000.
iShares Bitcoin Trust ETF Stock Performance
NASDAQ:IBIT opened at $45.71 on Friday. The stock’s fifty day moving average is $45.85 and its 200 day moving average is $41.63. iShares Bitcoin Trust ETF has a fifty-two week low of $32.84 and a fifty-two week high of $63.03.
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.
Featured Stories
- Five stocks we like better than iShares Bitcoin Trust ETF
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report).
Receive News & Ratings for iShares Bitcoin Trust ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Bitcoin Trust ETF and related companies with MarketBeat.com's FREE daily email newsletter.
