9,759 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Acquired by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co bought a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the third quarter, Holdings Channel.com reports. The fund bought 9,759 shares of the company’s stock, valued at approximately $353,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Asset Dedication LLC boosted its stake in shares of iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after purchasing an additional 279 shares during the last quarter. Glass Jacobson Investment Advisors llc boosted its position in iShares Bitcoin Trust by 40.2% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock valued at $38,000 after acquiring an additional 304 shares during the last quarter. Bfsg LLC grew its holdings in iShares Bitcoin Trust by 34.7% during the 2nd quarter. Bfsg LLC now owns 1,360 shares of the company’s stock worth $46,000 after acquiring an additional 350 shares during the period. Doliver Advisors LP raised its position in shares of iShares Bitcoin Trust by 4.9% in the 3rd quarter. Doliver Advisors LP now owns 7,558 shares of the company’s stock worth $273,000 after acquiring an additional 350 shares in the last quarter. Finally, Summit Global Investments raised its position in shares of iShares Bitcoin Trust by 3.3% in the 3rd quarter. Summit Global Investments now owns 11,214 shares of the company’s stock worth $405,000 after acquiring an additional 355 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

Shares of iShares Bitcoin Trust stock opened at $57.91 on Friday. The stock’s 50-day moving average is $46.07 and its 200 day moving average is $39.18. iShares Bitcoin Trust has a one year low of $22.02 and a one year high of $59.16.

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.