iShares Bitcoin Trust ETF $IBIT Stock Holdings Raised by Paragon Advisors LLC

Paragon Advisors LLC boosted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 4.6% in the third quarter, Holdings Channel.com reports. The firm owned 493,304 shares of the company’s stock after buying an additional 21,549 shares during the quarter. iShares Bitcoin Trust ETF comprises approximately 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 filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of IBIT. Sachetta LLC lifted its position in iShares Bitcoin Trust ETF by 793.0% during the 3rd 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 position in shares of iShares Bitcoin Trust ETF during the second quarter valued at approximately $30,000. Roble Belko & Company Inc lifted its holdings in shares of iShares Bitcoin Trust ETF by 77.2% during the third quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the last quarter. JFS Wealth Advisors LLC boosted 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 purchasing an additional 447 shares in the last quarter. Finally, Semmax Financial Advisors Inc. grew its stake in shares of iShares Bitcoin Trust ETF by 135.9% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after buying an additional 284 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Down 0.2%

IBIT stock opened at $50.51 on Thursday. The business has a 50 day moving average of $50.94 and a 200 day moving average of $59.41. iShares Bitcoin Trust ETF has a twelve month low of $42.98 and a twelve month high of $71.82.

iShares Bitcoin Trust ETF 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.