Park Avenue Securities LLC Decreases Stake in iShares Bitcoin Trust ETF $IBIT

Park Avenue Securities LLC reduced its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 24.0% during the fourth quarter, HoldingsChannel reports. The fund owned 75,351 shares of the company’s stock after selling 23,733 shares during the quarter. Park Avenue Securities LLC’s holdings in iShares Bitcoin Trust ETF were worth $3,741,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. StoneX Group Inc. lifted its stake in shares of iShares Bitcoin Trust ETF by 41.2% during the 2nd quarter. StoneX Group Inc. now owns 71,076 shares of the company’s stock valued at $4,347,000 after buying an additional 20,755 shares in the last quarter. Caprock Group LLC purchased a new position in iShares Bitcoin Trust ETF in the 3rd quarter valued at approximately $1,536,000. Finer Wealth Management Inc. grew its stake in iShares Bitcoin Trust ETF by 136.2% in the 2nd quarter. Finer Wealth Management Inc. now owns 39,668 shares of the company’s stock valued at $2,428,000 after buying an additional 22,872 shares in the last quarter. Kingstone Capital Partners Texas LLC raised its holdings in iShares Bitcoin Trust ETF by 50.6% during the 3rd quarter. Kingstone Capital Partners Texas LLC now owns 64,924 shares of the company’s stock valued at $4,220,000 after acquiring an additional 21,815 shares during the period. Finally, Calamos Wealth Management LLC raised its holdings in iShares Bitcoin Trust ETF by 81.0% during the 3rd quarter. Calamos Wealth Management LLC now owns 49,258 shares of the company’s stock valued at $3,202,000 after acquiring an additional 22,045 shares during the period.

iShares Bitcoin Trust ETF Stock Performance

NASDAQ:IBIT opened at $39.78 on Monday. iShares Bitcoin Trust ETF has a 1 year low of $35.30 and a 1 year high of $71.82. The stock’s fifty day moving average price is $43.03 and its two-hundred day moving average price is $52.62.

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.