Pine Ridge Advisers LLC Has $86.21 Million Stake in iShares Bitcoin Trust ETF $IBIT

Pine Ridge Advisers LLC lifted its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 0.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,243,827 shares of the company’s stock after purchasing an additional 16,447 shares during the quarter. iShares Bitcoin Trust ETF makes up about 5.3% of Pine Ridge Advisers LLC’s investment portfolio, making the stock its 4th largest position. Pine Ridge Advisers LLC’s holdings in iShares Bitcoin Trust ETF were worth $86,208,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of IBIT. Marshall & Sterling Wealth Advisors Inc. lifted its position in iShares Bitcoin Trust ETF by 12,500.0% in the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares during the period. Key Capital Management INC bought a new stake in iShares Bitcoin Trust ETF in the 4th quarter valued at $26,000. Vermillion & White Wealth Management Group LLC raised its stake in shares of iShares Bitcoin Trust ETF by 637.5% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock valued at $26,000 after buying an additional 459 shares in the last quarter. Sfam LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at $26,000. Finally, Semmax Financial Advisors Inc. lifted its holdings in shares of iShares Bitcoin Trust ETF by 135.9% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after acquiring an additional 284 shares during the period.

iShares Bitcoin Trust ETF Trading Down 1.7%

Shares of iShares Bitcoin Trust ETF stock opened at $36.14 on Wednesday. The firm’s 50-day simple moving average is $37.09 and its 200-day simple moving average is $40.84. iShares Bitcoin Trust ETF has a twelve month low of $32.84 and a twelve month high of $71.82.

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.