Pallas Capital Advisors LLC lessened its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 58.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,197 shares of the company’s stock after selling 20,028 shares during the period. Pallas Capital Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $473,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Oak Barrel Wealth Advisory LLC acquired a new stake in iShares Bitcoin Trust ETF during the second quarter valued at approximately $616,000. Palatine Hill Wealth Management LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the 2nd quarter valued at approximately $229,000. Trust Co. of Vermont acquired a new position in shares of iShares Bitcoin Trust ETF in the 2nd quarter worth approximately $131,000. Principle Wealth Partners LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 12.3% in the 2nd quarter. Principle Wealth Partners LLC now owns 13,903 shares of the company’s stock worth $463,000 after buying an additional 1,523 shares in the last quarter. Finally, Capital Financial Group Inc. Co. ADV raised its holdings in shares of iShares Bitcoin Trust ETF by 153.8% in the 2nd quarter. Capital Financial Group Inc. Co. ADV now owns 37,156 shares of the company’s stock worth $1,237,000 after buying an additional 22,516 shares in the last quarter.
iShares Bitcoin Trust ETF Stock Performance
iShares Bitcoin Trust ETF stock opened at $41.20 on Friday. The business has a 50 day simple moving average of $36.10 and a 200 day simple moving average of $39.07. iShares Bitcoin Trust ETF has a one year low of $32.84 and a one year high of $71.82.
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.
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