Paragon Advisors LLC Has $32.07 Million Stock Position in iShares Bitcoin Trust ETF $IBIT

Paragon Advisors LLC raised its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 4.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 493,304 shares of the company’s stock after buying an additional 21,549 shares during the quarter. iShares Bitcoin Trust ETF comprises 8.3% of Paragon Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Paragon Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $32,065,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC bought a new stake in iShares Bitcoin Trust ETF in the fourth quarter valued at $711,000. Bison Wealth LLC bought a new position in iShares Bitcoin Trust ETF in the 4th quarter worth $3,140,000. Royal Bank of Canada lifted its position in shares of iShares Bitcoin Trust ETF by 3.6% in the 1st quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock worth $2,898,000 after purchasing an additional 2,148 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of iShares Bitcoin Trust ETF by 427.2% during the 1st quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock valued at $102,000 after purchasing an additional 1,760 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in shares of iShares Bitcoin Trust ETF during the 2nd quarter valued at about $357,000.

iShares Bitcoin Trust ETF Trading Down 0.2%

Shares of NASDAQ IBIT opened at $50.51 on Thursday. iShares Bitcoin Trust ETF has a 1 year low of $42.98 and a 1 year high of $71.82. The company’s 50-day moving average is $50.94 and its 200 day moving average is $59.41.

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.