iShares Bitcoin Trust ETF $IBIT Stock: Pekin Hardy Strauss Inc. Increases Stake

Pekin Hardy Strauss Inc. boosted its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 10.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 196,838 shares of the company’s stock after buying an additional 18,727 shares during the quarter. iShares Bitcoin Trust ETF accounts for approximately 0.8% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its 23rd biggest position. Pekin Hardy Strauss Inc.’s holdings in iShares Bitcoin Trust ETF were worth $9,318,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. NEOS Investment Management LLC boosted its holdings in iShares Bitcoin Trust ETF by 55.4% during the 2nd quarter. NEOS Investment Management LLC now owns 5,424,563 shares of the company’s stock worth $180,584,000 after acquiring an additional 1,933,888 shares during the last quarter. Walleye Capital LLC grew its stake in shares of iShares Bitcoin Trust ETF by 332.4% in the 1st quarter. Walleye Capital LLC now owns 4,317,555 shares of the company’s stock worth $165,880,000 after acquiring an additional 3,319,115 shares in the last quarter. Pilgrim Partners Asia Pte Ltd raised its holdings in shares of iShares Bitcoin Trust ETF by 43.1% in the third quarter. Pilgrim Partners Asia Pte Ltd now owns 2,607,600 shares of the company’s stock valued at $123,444,000 after purchasing an additional 785,300 shares during the last quarter. Pine Ridge Advisers LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 0.7% in the first quarter. Pine Ridge Advisers LLC now owns 2,243,827 shares of the company’s stock valued at $86,208,000 after purchasing an additional 16,447 shares during the last quarter. Finally, SigFig Wealth Management LLC purchased a new stake in shares of iShares Bitcoin Trust ETF in the third quarter valued at about $73,942,000.

iShares Bitcoin Trust ETF Price Performance

IBIT opened at $43.02 on Friday. The company’s 50-day moving average is $45.86 and its 200 day moving average is $41.38. iShares Bitcoin Trust ETF has a fifty-two week low of $32.84 and a fifty-two week high of $60.36.

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.