Pallas Capital Advisors LLC Has $473,000 Stake in iShares Bitcoin Trust ETF $IBIT

Pallas Capital Advisors LLC decreased its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 58.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 14,197 shares of the company’s stock after selling 20,028 shares during the quarter. Pallas Capital Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $473,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Morgan Stanley raised its holdings in iShares Bitcoin Trust ETF by 21.5% in the 4th quarter. Morgan Stanley now owns 13,440,659 shares of the company’s stock valued at $667,329,000 after acquiring an additional 2,374,482 shares in the last quarter. Mubadala Investment Co PJSC lifted its position in shares of iShares Bitcoin Trust ETF by 45.6% in the 4th quarter. Mubadala Investment Co PJSC now owns 12,702,323 shares of the company’s stock worth $630,670,000 after acquiring an additional 3,975,351 shares during the period. Al Warda Investments RSC Ltd grew its holdings in shares of iShares Bitcoin Trust ETF by 3.2% during the 4th quarter. Al Warda Investments RSC Ltd now owns 8,218,712 shares of the company’s stock worth $408,059,000 after purchasing an additional 255,319 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 19.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock worth $440,856,000 after purchasing an additional 1,093,183 shares in the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of iShares Bitcoin Trust ETF by 16.4% during the fourth quarter. Macquarie Group Ltd. now owns 5,126,143 shares of the company’s stock valued at $254,513,000 after purchasing an additional 721,351 shares during the period.

iShares Bitcoin Trust ETF Stock Performance

IBIT opened at $41.20 on Friday. The stock’s 50 day simple moving average is $36.10 and its 200-day simple moving average is $39.07. iShares Bitcoin Trust ETF has a 1 year low of $32.84 and a 1 year 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.