Perennial Investment Advisors LLC Acquires 4,505 Shares of iShares Bitcoin Trust ETF $IBIT

Perennial Investment Advisors LLC boosted its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 29.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,811 shares of the company’s stock after purchasing an additional 4,505 shares during the period. Perennial Investment Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,213,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of IBIT. Nemes Rush Group LLC increased its stake in shares of iShares Bitcoin Trust ETF by 13.1% in the 1st quarter. Nemes Rush Group LLC now owns 2,582 shares of the company’s stock valued at $121,000 after buying an additional 300 shares during the period. Galvin Gaustad & Stein LLC boosted its holdings in iShares Bitcoin Trust ETF by 158.1% in the first quarter. Galvin Gaustad & Stein LLC now owns 12,080 shares of the company’s stock valued at $565,000 after acquiring an additional 7,400 shares during the last quarter. Brio Consultants LLC acquired a new stake in iShares Bitcoin Trust ETF in the first quarter worth about $5,308,000. Brighton Jones LLC bought a new stake in iShares Bitcoin Trust ETF during the 4th quarter worth about $711,000. Finally, J.W. Cole Advisors Inc. lifted its position in iShares Bitcoin Trust ETF by 125.3% during the 1st quarter. J.W. Cole Advisors Inc. now owns 24,419 shares of the company’s stock valued at $1,143,000 after purchasing an additional 13,581 shares during the period.

iShares Bitcoin Trust ETF Stock Up 1.1%

Shares of NASDAQ IBIT opened at $52.66 on Wednesday. iShares Bitcoin Trust ETF has a 1 year low of $42.98 and a 1 year high of $71.82. The firm’s 50-day moving average is $62.95 and its 200-day moving average is $62.76.

iShares Bitcoin Trust ETF 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.