Park Avenue Securities LLC Sells 23,733 Shares of iShares Bitcoin Trust ETF $IBIT

Park Avenue Securities LLC lessened its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 24.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 75,351 shares of the company’s stock after selling 23,733 shares during the period. Park Avenue Securities LLC’s holdings in iShares Bitcoin Trust ETF were worth $3,741,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in IBIT. Sachetta LLC grew its position in shares of iShares Bitcoin Trust ETF by 793.0% during the 3rd quarter. Sachetta LLC now owns 384 shares of the company’s stock valued at $25,000 after acquiring an additional 341 shares during the period. Chapman Financial Group LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the 3rd quarter worth approximately $25,000. Anchor Investment Management LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 210.3% in the 3rd quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock worth $29,000 after purchasing an additional 305 shares during the period. Roble Belko & Company Inc raised its holdings in shares of iShares Bitcoin Trust ETF by 77.2% in the 3rd quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the period. Finally, Financial Life Planners purchased a new position in iShares Bitcoin Trust ETF in the third quarter valued at approximately $31,000.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ IBIT opened at $39.78 on Monday. The stock has a fifty day simple moving average of $43.03 and a two-hundred day simple moving average of $52.62. iShares Bitcoin Trust ETF has a 1-year low of $35.30 and a 1-year high of $71.82.

iShares Bitcoin Trust ETF 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.