Pachira Investments Inc. purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 33,596 shares of the company’s stock, valued at approximately $1,214,000. iShares Bitcoin Trust makes up 0.9% of Pachira Investments Inc.’s portfolio, making the stock its 21st largest position.
A number of other large investors also recently modified their holdings of IBIT. Brookstone Capital Management acquired a new stake in shares of iShares Bitcoin Trust during the 1st quarter worth about $7,017,000. Kingsview Wealth Management LLC purchased a new stake in iShares Bitcoin Trust in the 1st quarter valued at $1,403,000. Financial Sense Advisors Inc. purchased a new position in iShares Bitcoin Trust during the 1st quarter worth $1,278,000. Axxcess Wealth Management LLC acquired a new position in iShares Bitcoin Trust in the first quarter valued at $965,000. Finally, Traynor Capital Management Inc. purchased a new stake in shares of iShares Bitcoin Trust in the first quarter valued at about $3,666,000.
iShares Bitcoin Trust Trading Up 2.7 %
Shares of IBIT opened at $39.07 on Friday. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $41.99. The firm has a 50-day simple moving average of $34.80 and a 200-day simple moving average of $36.02.
iShares Bitcoin Trust 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.
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