Procyon Advisors LLC Raises Holdings in iShares Bitcoin Trust ETF $IBIT

Procyon Advisors LLC grew its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 920.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 227,604 shares of the company’s stock after buying an additional 205,292 shares during the period. Procyon Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $11,301,000 at the end of the most recent reporting period.

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

iShares Bitcoin Trust ETF Stock Down 0.1%

IBIT stock opened at $39.78 on Friday. The company has a 50 day moving average price of $43.03 and a two-hundred day moving average price of $52.70. iShares Bitcoin Trust ETF has a one year low of $35.30 and a one year 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.