Parallel Advisors LLC Boosts Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Parallel Advisors LLC lifted its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 76.9% during the 4th quarter, HoldingsChannel reports. The fund owned 33,867 shares of the company’s stock after purchasing an additional 14,717 shares during the period. Parallel Advisors LLC’s holdings in iShares Bitcoin Trust were worth $1,797,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of IBIT. Atria Investments Inc purchased a new stake in shares of iShares Bitcoin Trust during the 3rd quarter worth about $558,000. Empowered Funds LLC purchased a new stake in shares of iShares Bitcoin Trust during the 3rd quarter worth about $2,298,000. PNC Financial Services Group Inc. boosted its stake in shares of iShares Bitcoin Trust by 38.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 430,831 shares of the company’s stock worth $15,566,000 after acquiring an additional 119,531 shares in the last quarter. First Horizon Advisors Inc. purchased a new stake in shares of iShares Bitcoin Trust during the 3rd quarter worth about $108,000. Finally, RPO LLC boosted its stake in shares of iShares Bitcoin Trust by 79.8% during the 3rd quarter. RPO LLC now owns 29,857 shares of the company’s stock worth $1,079,000 after acquiring an additional 13,250 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

IBIT opened at $46.81 on Wednesday. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month high of $61.75. The company has a 50-day moving average price of $53.66 and a 200 day moving average price of $47.98.

iShares Bitcoin Trust 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.