Perennial Investment Advisors LLC Buys 4,505 Shares of iShares Bitcoin Trust ETF $IBIT

Perennial Investment Advisors LLC raised its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 29.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 19,811 shares of the company’s stock after purchasing an additional 4,505 shares during the quarter. Perennial Investment Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,213,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of IBIT. Brighton Jones LLC acquired a new position in iShares Bitcoin Trust ETF during the fourth quarter valued at approximately $711,000. Bison Wealth LLC bought a new position in iShares Bitcoin Trust ETF during the fourth quarter worth about $3,140,000. Bank of New York Mellon Corp grew its stake in iShares Bitcoin Trust ETF by 89.9% in the first quarter. Bank of New York Mellon Corp now owns 48,073 shares of the company’s stock valued at $2,250,000 after acquiring an additional 22,764 shares during the period. Diversify Advisory Services LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the first quarter worth about $286,000. Finally, Kestra Private Wealth Services LLC raised its position in shares of iShares Bitcoin Trust ETF by 91.6% during the first quarter. Kestra Private Wealth Services LLC now owns 37,142 shares of the company’s stock worth $1,739,000 after purchasing an additional 17,753 shares during the period.

iShares Bitcoin Trust ETF Trading Up 1.1%

Shares of IBIT opened at $52.66 on Wednesday. The stock has a 50 day simple moving average of $62.95 and a 200 day simple moving average of $62.76. iShares Bitcoin Trust ETF has a 52-week low of $42.98 and a 52-week 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.