PNC Financial Services Group Inc. trimmed its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 18.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 523,235 shares of the company’s stock after selling 119,111 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares Bitcoin Trust ETF were worth $25,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter worth approximately $711,000. Bison Wealth LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter worth approximately $3,140,000. Royal Bank of Canada grew its position in shares of iShares Bitcoin Trust ETF by 3.6% in the 1st quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock worth $2,898,000 after buying an additional 2,148 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of iShares Bitcoin Trust ETF by 427.2% in the 1st quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock worth $102,000 after buying an additional 1,760 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the 2nd quarter worth approximately $357,000.
iShares Bitcoin Trust ETF Trading Down 2.4%
Shares of IBIT stock opened at $42.96 on Friday. iShares Bitcoin Trust ETF has a fifty-two week low of $35.30 and a fifty-two week high of $71.82. The business’s 50 day moving average price is $42.13 and its 200-day moving average price is $45.99.
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.
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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report).
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