Pennsylvania Capital Management Inc. ADV Invests $642,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

Pennsylvania Capital Management Inc. ADV acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,102 shares of the company’s stock, valued at approximately $642,000.

A number of other institutional investors have also recently bought and sold shares of IBIT. IMC Chicago LLC acquired a new position in shares of iShares Bitcoin Trust during the 3rd quarter worth $323,337,000. Horizon Kinetics Asset Management LLC boosted its holdings in iShares Bitcoin Trust by 11.9% in the third quarter. Horizon Kinetics Asset Management LLC now owns 805,803 shares of the company’s stock worth $29,114,000 after purchasing an additional 85,763 shares in the last quarter. Parallax Volatility Advisers L.P. increased its position in iShares Bitcoin Trust by 127.6% during the third quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock worth $23,846,000 after buying an additional 370,000 shares during the last quarter. Clear Street Derivatives LLC bought a new position in iShares Bitcoin Trust during the third quarter valued at about $23,686,000. Finally, LMR Partners LLP lifted its position in shares of iShares Bitcoin Trust by 350.0% in the third quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock worth $22,762,000 after buying an additional 490,000 shares during the last quarter.

iShares Bitcoin Trust Stock Down 0.2 %

Shares of iShares Bitcoin Trust stock opened at $57.58 on Tuesday. iShares Bitcoin Trust has a 12-month low of $24.13 and a 12-month high of $61.75. The stock has a 50 day moving average price of $56.19 and a two-hundred day moving average price of $44.27.

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.