iShares Bitcoin Trust ETF $IBIT Shares Purchased by Procyon Advisors LLC

Procyon Advisors LLC increased its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 920.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 227,604 shares of the company’s stock after purchasing an additional 205,292 shares during the quarter. Procyon Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $11,301,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IBIT. Chapman Financial Group LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the 3rd quarter valued at about $25,000. Sachetta LLC increased its position in iShares Bitcoin Trust ETF by 793.0% during the third quarter. Sachetta LLC now owns 384 shares of the company’s stock worth $25,000 after purchasing an additional 341 shares during the last quarter. Anchor Investment Management LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 210.3% in the 3rd quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock valued at $29,000 after purchasing an additional 305 shares during the last quarter. Roble Belko & Company Inc boosted its holdings in shares of iShares Bitcoin Trust ETF by 77.2% in the 3rd quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the last quarter. Finally, Financial Life Planners purchased a new stake in shares of iShares Bitcoin Trust ETF during the 3rd quarter valued at $31,000.

iShares Bitcoin Trust ETF Stock Performance

IBIT stock opened at $39.78 on Friday. The business has a fifty day simple moving average of $43.03 and a 200-day simple moving average of $52.70. iShares Bitcoin Trust ETF has a 52 week low of $35.30 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.