Park Edge Advisors LLC Has $2.79 Million Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Park Edge Advisors LLC increased its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 318.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,182 shares of the company’s stock after buying an additional 58,747 shares during the quarter. iShares Bitcoin Trust accounts for about 0.8% of Park Edge Advisors LLC’s investment portfolio, making the stock its 18th largest position. Park Edge Advisors LLC’s holdings in iShares Bitcoin Trust were worth $2,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. FinTrust Capital Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust during the 1st quarter worth about $26,000. Creekmur Asset Management LLC acquired a new stake in shares of iShares Bitcoin Trust during the first quarter worth approximately $30,000. Glass Jacobson Investment Advisors llc bought a new position in shares of iShares Bitcoin Trust in the second quarter valued at approximately $26,000. Asset Dedication LLC boosted its holdings in shares of iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after acquiring an additional 279 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of iShares Bitcoin Trust in the 2nd quarter worth approximately $31,000.

iShares Bitcoin Trust Trading Down 2.2 %

IBIT stock traded down $0.86 during midday trading on Friday, reaching $38.01. 51,745,568 shares of the company’s stock traded hands, compared to its average volume of 30,353,623. The company has a 50-day simple moving average of $35.27 and a two-hundred day simple moving average of $35.98. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $41.99.

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.