iShares Bitcoin Trust ETF $IBIT Stock Purchased by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. grew its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 10.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,838 shares of the company’s stock after acquiring an additional 18,727 shares during the quarter. iShares Bitcoin Trust ETF comprises 0.8% of Pekin Hardy Strauss Inc.’s holdings, making the stock its 23rd largest holding. Pekin Hardy Strauss Inc.’s holdings in iShares Bitcoin Trust ETF were worth $9,318,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Principle Wealth Partners LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 9.8% during the third quarter. Principle Wealth Partners LLC now owns 15,266 shares of the company’s stock valued at $723,000 after buying an additional 1,363 shares during the last quarter. Horizon Wealth Management LLC bought a new stake in shares of iShares Bitcoin Trust ETF during the third quarter worth about $222,000. Kestra Advisory Services LLC increased its position in shares of iShares Bitcoin Trust ETF by 15.2% during the third quarter. Kestra Advisory Services LLC now owns 346,943 shares of the company’s stock worth $16,424,000 after acquiring an additional 45,658 shares in the last quarter. Claro Advisors Inc. increased its position in shares of iShares Bitcoin Trust ETF by 25.7% during the third quarter. Claro Advisors Inc. now owns 16,524 shares of the company’s stock worth $782,000 after acquiring an additional 3,380 shares in the last quarter. Finally, Cora Capital Advisors LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 44.1% in the 3rd quarter. Cora Capital Advisors LLC now owns 59,899 shares of the company’s stock worth $2,836,000 after acquiring an additional 18,321 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Down 5.1%

Shares of NASDAQ IBIT opened at $43.02 on Friday. iShares Bitcoin Trust ETF has a fifty-two week low of $32.84 and a fifty-two week high of $60.36. The firm’s 50-day simple moving average is $45.86 and its 200 day simple moving average is $41.38.

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.