PNC Financial Services Group Inc. Purchases 157,201 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

PNC Financial Services Group Inc. grew its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 36.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 588,032 shares of the company’s stock after buying an additional 157,201 shares during the period. PNC Financial Services Group Inc. owned 0.09% of iShares Bitcoin Trust worth $31,195,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC lifted its holdings in shares of iShares Bitcoin Trust by 6,401.8% during the 4th quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock valued at $246,430,000 after purchasing an additional 4,573,794 shares during the last quarter. Clear Street Derivatives LLC purchased a new stake in iShares Bitcoin Trust in the third quarter valued at about $23,686,000. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in iShares Bitcoin Trust in the third quarter worth about $19,149,000. LMR Partners LLP grew its stake in shares of iShares Bitcoin Trust by 350.0% during the third quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock worth $22,762,000 after acquiring an additional 490,000 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. increased its holdings in shares of iShares Bitcoin Trust by 3,525.8% during the fourth quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock valued at $23,082,000 after acquiring an additional 423,100 shares in the last quarter.

iShares Bitcoin Trust Stock Down 2.4 %

Shares of iShares Bitcoin Trust stock opened at $49.43 on Monday. The company has a 50 day moving average price of $54.78 and a 200 day moving average price of $47.38. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75.

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.