Permian Investment Partners LP Acquires New Position in iShares Bitcoin Trust ETF $IBIT

Permian Investment Partners LP purchased a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,407 shares of the company’s stock, valued at approximately $912,379. iShares Bitcoin Trust ETF accounts for 0.0% of Permian Investment Partners LP’s investment portfolio, making the stock its 12th biggest position.

A number of other institutional investors also recently bought and sold shares of IBIT. Marshall & Sterling Wealth Advisors Inc. raised its holdings in iShares Bitcoin Trust ETF by 12,500.0% in the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock valued at $25,000 after acquiring an additional 500 shares in the last quarter. Vermillion & White Wealth Management Group LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 637.5% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock valued at $26,000 after acquiring an additional 459 shares during the last quarter. Sfam LLC bought a new position in iShares Bitcoin Trust ETF during the 4th quarter valued at about $26,000. Allied Private Wealth LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the second quarter worth about $28,000. Finally, Semmax Financial Advisors Inc. raised its position in shares of iShares Bitcoin Trust ETF by 135.9% in the second quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock valued at $33,000 after purchasing an additional 284 shares during the period.

iShares Bitcoin Trust ETF Price Performance

IBIT stock traded down $1.39 during mid-day trading on Friday, reaching $43.90. 76,549,975 shares of the company traded hands, compared to its average volume of 53,687,156. The firm’s 50 day moving average price is $36.90 and its 200 day moving average price is $39.20. iShares Bitcoin Trust ETF has a fifty-two week low of $32.84 and a fifty-two week 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.