iShares Bitcoin Trust ETF $IBIT Stake Increased by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC lifted its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 3,571.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 12,041 shares of the company’s stock after acquiring an additional 11,713 shares during the period. Provenance Wealth Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $570,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Walleye Capital LLC raised its position in iShares Bitcoin Trust ETF by 332.4% during the first quarter. Walleye Capital LLC now owns 4,317,555 shares of the company’s stock valued at $165,880,000 after purchasing an additional 3,319,115 shares in the last quarter. NEOS Investment Management LLC lifted its stake in iShares Bitcoin Trust ETF by 55.4% during the second quarter. NEOS Investment Management LLC now owns 5,424,563 shares of the company’s stock worth $180,584,000 after purchasing an additional 1,933,888 shares during the last quarter. SigFig Wealth Management LLC bought a new stake in iShares Bitcoin Trust ETF during the third quarter worth about $73,942,000. Pilgrim Partners Asia Pte Ltd lifted its stake in iShares Bitcoin Trust ETF by 43.1% during the third quarter. Pilgrim Partners Asia Pte Ltd now owns 2,607,600 shares of the company’s stock worth $123,444,000 after purchasing an additional 785,300 shares during the last quarter. Finally, Himension Capital Singapore PTE. LTD. purchased a new position in shares of iShares Bitcoin Trust ETF in the 1st quarter worth about $18,480,000.

iShares Bitcoin Trust ETF Trading Down 5.1%

Shares of iShares Bitcoin Trust ETF stock opened at $43.02 on Friday. The business’s 50-day moving average price is $45.86 and its 200-day moving average price is $41.38. iShares Bitcoin Trust ETF has a 12 month low of $32.84 and a 12 month high of $60.36.

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.