Pachira Investments Inc. Buys New Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Pachira Investments Inc. purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 33,596 shares of the company’s stock, valued at approximately $1,214,000. iShares Bitcoin Trust makes up 0.9% of Pachira Investments Inc.’s portfolio, making the stock its 21st largest position.

A number of other large investors also recently modified their holdings of IBIT. Brookstone Capital Management acquired a new stake in shares of iShares Bitcoin Trust during the 1st quarter worth about $7,017,000. Kingsview Wealth Management LLC purchased a new stake in iShares Bitcoin Trust in the 1st quarter valued at $1,403,000. Financial Sense Advisors Inc. purchased a new position in iShares Bitcoin Trust during the 1st quarter worth $1,278,000. Axxcess Wealth Management LLC acquired a new position in iShares Bitcoin Trust in the first quarter valued at $965,000. Finally, Traynor Capital Management Inc. purchased a new stake in shares of iShares Bitcoin Trust in the first quarter valued at about $3,666,000.

iShares Bitcoin Trust Trading Up 2.7 %

Shares of IBIT opened at $39.07 on Friday. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $41.99. The firm has a 50-day simple moving average of $34.80 and a 200-day simple moving average of $36.02.

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.