Pegasus Partners Ltd. Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Pegasus Partners Ltd. bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 3rd quarter, HoldingsChannel reports. The fund bought 10,000 shares of the company’s stock, valued at approximately $361,000.

Other hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets bought a new stake in iShares Bitcoin Trust during the first quarter worth about $42,000. Smithfield Trust Co bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter worth approximately $509,000. Primoris Wealth Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust during the 1st quarter worth approximately $203,000. Amtrust Financial Services Inc. bought a new position in iShares Bitcoin Trust in the first quarter valued at approximately $1,416,000. Finally, Atomi Financial Group Inc. acquired a new position in iShares Bitcoin Trust during the first quarter valued at approximately $224,000.

iShares Bitcoin Trust Stock Performance

NASDAQ IBIT opened at $43.69 on Friday. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $44.09. The business has a fifty day moving average price of $36.55 and a two-hundred day moving average price of $36.24.

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.