Park Avenue Securities LLC Grows Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Park Avenue Securities LLC raised its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 73.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 44,119 shares of the company’s stock after purchasing an additional 18,679 shares during the period. Park Avenue Securities LLC’s holdings in iShares Bitcoin Trust were worth $2,341,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Glass Jacobson Investment Advisors llc purchased a new position in iShares Bitcoin Trust during the second quarter valued at approximately $26,000. Asset Dedication LLC boosted its position in iShares Bitcoin Trust by 52.4% during the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after acquiring an additional 279 shares in the last quarter. PSI Advisors LLC purchased a new position in shares of iShares Bitcoin Trust in the 4th quarter valued at $30,000. West Financial Advisors LLC bought a new position in shares of iShares Bitcoin Trust in the 3rd quarter worth $40,000. Finally, Brown Brothers Harriman & Co. bought a new position in shares of iShares Bitcoin Trust in the 2nd quarter worth $43,000.

iShares Bitcoin Trust Stock Up 4.4 %

Shares of IBIT stock opened at $59.62 on Friday. The stock’s 50-day moving average is $54.88 and its 200 day moving average is $42.40. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $61.75.

iShares Bitcoin Trust 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.