Park Edge Advisors LLC cut its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 53.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 31,535 shares of the company’s stock after selling 36,346 shares during the period. Park Edge Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,566,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter worth $711,000. Bison Wealth LLC bought a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at $3,140,000. Royal Bank of Canada boosted its position in shares of iShares Bitcoin Trust ETF by 3.6% during the first quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock valued at $2,898,000 after buying an additional 2,148 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of iShares Bitcoin Trust ETF by 427.2% during the first quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock valued at $102,000 after buying an additional 1,760 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in iShares Bitcoin Trust ETF in the 2nd quarter worth about $357,000.
iShares Bitcoin Trust ETF Price Performance
Shares of NASDAQ:IBIT opened at $37.97 on Friday. iShares Bitcoin Trust ETF has a fifty-two week low of $35.30 and a fifty-two week high of $71.82. The business has a 50-day simple moving average of $40.48 and a two-hundred day simple moving average of $51.19.
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.
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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).
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