Pacific Life Fund Advisors LLC Buys Shares of 195,107 iShares Bitcoin Trust ETF $IBIT

Pacific Life Fund Advisors LLC bought a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the second quarter, Holdings Channel.com reports. The institutional investor bought 195,107 shares of the company’s stock, valued at approximately $6,495,000. iShares Bitcoin Trust ETF accounts for approximately 0.7% of Pacific Life Fund Advisors LLC’s portfolio, making the stock its 8th largest holding.

A number of other large investors have also added to or reduced their stakes in the company. Semmax Financial Advisors Inc. boosted its holdings in shares of iShares Bitcoin Trust ETF by 135.9% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock valued at $33,000 after buying an additional 284 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. grew its position in shares of iShares Bitcoin Trust ETF by 12,500.0% in the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock worth $25,000 after buying an additional 500 shares during the last quarter. Sfam LLC bought a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter worth approximately $26,000. Key Capital Management INC bought a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter worth approximately $26,000. Finally, Vermillion & White Wealth Management Group LLC raised its stake 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 worth $26,000 after acquiring an additional 459 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

NASDAQ:IBIT opened at $35.63 on Friday. iShares Bitcoin Trust ETF has a 52 week low of $32.84 and a 52 week high of $71.82. The firm has a 50 day moving average of $35.88 and a 200 day moving average of $39.45.

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.