Park Edge Advisors LLC Has $2.79 Million Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Park Edge Advisors LLC lifted its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 318.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,182 shares of the company’s stock after purchasing an additional 58,747 shares during the period. iShares Bitcoin Trust accounts for 0.8% of Park Edge Advisors LLC’s portfolio, making the stock its 18th largest position. Park Edge Advisors LLC’s holdings in iShares Bitcoin Trust were worth $2,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of IBIT. Wealth Enhancement Advisory Services LLC acquired a new stake in iShares Bitcoin Trust in the first quarter worth about $3,416,000. SteelPeak Wealth LLC acquired a new stake in shares of iShares Bitcoin Trust during the 1st quarter worth approximately $272,000. Compass Ion Advisors LLC bought a new stake in shares of iShares Bitcoin Trust during the first quarter worth approximately $345,000. Pettinga Financial Advisors LLC acquired a new position in iShares Bitcoin Trust in the first quarter valued at approximately $204,000. Finally, Udine Wealth Management Inc. bought a new position in iShares Bitcoin Trust in the first quarter valued at approximately $2,035,000.

iShares Bitcoin Trust Price Performance

IBIT traded down $0.86 during trading on Friday, reaching $38.01. 51,745,568 shares of the company’s stock were exchanged, compared to its average volume of 30,353,623. The company’s fifty day moving average price is $35.27 and its 200-day moving average price is $35.98. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $41.99.

iShares Bitcoin Trust 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.