PNC Financial Services Group Inc. Boosts Stake in iShares Bitcoin Trust ETF $IBIT

PNC Financial Services Group Inc. boosted its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 646,275 shares of the company’s stock after acquiring an additional 2,935 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares Bitcoin Trust ETF were worth $39,558,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wealth Alliance LLC lifted its stake in iShares Bitcoin Trust ETF by 49.4% in the 2nd quarter. Wealth Alliance LLC now owns 20,762 shares of the company’s stock worth $1,271,000 after purchasing an additional 6,864 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd grew its position in shares of iShares Bitcoin Trust ETF by 125.2% in the second quarter. Central Asset Investments & Management Holdings HK Ltd now owns 33,100 shares of the company’s stock valued at $2,026,000 after purchasing an additional 18,400 shares in the last quarter. Andar Capital Management HK Ltd increased its holdings in shares of iShares Bitcoin Trust ETF by 14.9% in the second quarter. Andar Capital Management HK Ltd now owns 90,000 shares of the company’s stock valued at $5,509,000 after purchasing an additional 11,700 shares during the last quarter. Advyzon Investment Management LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 316.2% in the second quarter. Advyzon Investment Management LLC now owns 91,125 shares of the company’s stock valued at $5,578,000 after purchasing an additional 69,230 shares during the last quarter. Finally, Cascade Financial Partners LLC lifted its position in iShares Bitcoin Trust ETF by 34.6% during the second quarter. Cascade Financial Partners LLC now owns 7,767 shares of the company’s stock worth $475,000 after buying an additional 1,995 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ:IBIT opened at $55.59 on Friday. The business has a fifty day moving average of $63.59 and a two-hundred day moving average of $62.68. iShares Bitcoin Trust ETF has a 52-week low of $42.98 and a 52-week high of $71.82.

iShares Bitcoin Trust ETF 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.