Pallas Capital Advisors LLC Buys 44,306 Shares of iShares Bitcoin Trust ETF $IBIT

Pallas Capital Advisors LLC grew its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 405.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,221 shares of the company’s stock after buying an additional 44,306 shares during the quarter. Pallas Capital Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,742,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in IBIT. 59 North Capital Management LP purchased a new position in shares of iShares Bitcoin Trust ETF during the 3rd quarter valued at about $169,100,000. Capula Management Ltd increased its holdings in iShares Bitcoin Trust ETF by 22.5% in the 2nd quarter. Capula Management Ltd now owns 9,481,233 shares of the company’s stock worth $580,346,000 after acquiring an additional 1,739,073 shares in the last quarter. Sculptor Capital LP increased its holdings in iShares Bitcoin Trust ETF by 59.5% in the 2nd quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock worth $274,664,000 after acquiring an additional 1,673,788 shares in the last quarter. Mariner Investment Group LLC raised its stake in iShares Bitcoin Trust ETF by 142.3% during the 3rd quarter. Mariner Investment Group LLC now owns 2,015,094 shares of the company’s stock worth $130,981,000 after acquiring an additional 1,183,414 shares during the period. Finally, Verde Servicos Internacionais S.A. raised its stake in iShares Bitcoin Trust ETF by 167.4% during the 3rd quarter. Verde Servicos Internacionais S.A. now owns 1,813,449 shares of the company’s stock worth $117,874,000 after acquiring an additional 1,135,290 shares during the period.

iShares Bitcoin Trust ETF Stock Down 3.7%

Shares of NASDAQ:IBIT opened at $37.40 on Friday. iShares Bitcoin Trust ETF has a 1-year low of $35.30 and a 1-year high of $71.82. The firm’s 50 day simple moving average is $41.56 and its two-hundred day simple moving average is $51.86.

About iShares Bitcoin Trust ETF

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.