Pennsylvania Capital Management Inc. ADV Makes New Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Pennsylvania Capital Management Inc. ADV acquired a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, Holdings Channel.com reports. The firm acquired 12,102 shares of the company’s stock, valued at approximately $642,000.

A number of other large investors have also made changes to their positions in the stock. Vienna Asset Management LLC increased its holdings in iShares Bitcoin Trust by 131.6% in the 3rd quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock valued at $963,000 after buying an additional 15,137 shares during the period. Garden State Investment Advisory Services LLC acquired a new stake in shares of iShares Bitcoin Trust during the 3rd quarter valued at about $656,000. Andina Capital Management LLC increased its stake in iShares Bitcoin Trust by 131.0% in the fourth quarter. Andina Capital Management LLC now owns 17,152 shares of the company’s stock valued at $910,000 after acquiring an additional 9,728 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in shares of iShares Bitcoin Trust by 32.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock worth $1,357,000 after buying an additional 9,266 shares in the last quarter. Finally, Mutual Advisors LLC raised its stake in iShares Bitcoin Trust by 65.8% during the fourth quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock worth $8,967,000 after acquiring an additional 62,338 shares in the last quarter.

iShares Bitcoin Trust Trading Down 0.2 %

Shares of iShares Bitcoin Trust stock opened at $57.58 on Tuesday. iShares Bitcoin Trust has a 12-month low of $24.13 and a 12-month high of $61.75. The company has a 50-day simple moving average of $56.19 and a 200 day simple moving average of $44.27.

iShares Bitcoin Trust Company 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.