Pettinga Financial Advisors LLC Grows Stock Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Pettinga Financial Advisors LLC grew its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 34.8% in the third quarter, Holdings Channel.com reports. The firm owned 8,630 shares of the company’s stock after acquiring an additional 2,230 shares during the quarter. Pettinga Financial Advisors LLC’s holdings in iShares Bitcoin Trust were worth $312,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bracebridge Capital LLC purchased a new position in shares of iShares Bitcoin Trust during the 1st quarter worth $100,639,000. D. E. Shaw & Co. Inc. raised its stake in iShares Bitcoin Trust by 1,657.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock worth $90,014,000 after purchasing an additional 2,486,608 shares during the period. Sculptor Capital LP boosted its holdings in iShares Bitcoin Trust by 188.1% in the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock valued at $115,831,000 after purchasing an additional 2,215,107 shares during the last quarter. Aristeia Capital L.L.C. grew its stake in shares of iShares Bitcoin Trust by 47.2% in the 2nd quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock valued at $202,806,000 after buying an additional 1,903,644 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of iShares Bitcoin Trust during the 2nd quarter worth approximately $56,965,000.

iShares Bitcoin Trust Stock Down 2.2 %

IBIT stock opened at $38.01 on Friday. iShares Bitcoin Trust has a one year low of $22.02 and a one year high of $41.99. The firm’s 50 day moving average price is $35.27 and its 200-day moving average price is $36.00.

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.