Pallas Capital Advisors LLC Purchases 44,306 Shares of iShares Bitcoin Trust ETF $IBIT

Pallas Capital Advisors LLC increased its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 405.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,221 shares of the company’s stock after acquiring an additional 44,306 shares during the period. Pallas Capital Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,742,000 at the end of the most recent reporting period.

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

iShares Bitcoin Trust ETF Stock Down 3.7%

Shares of IBIT stock opened at $37.40 on Friday. iShares Bitcoin Trust ETF has a 12 month low of $35.30 and a 12 month high of $71.82. The company has a 50 day simple moving average of $41.56 and a two-hundred day simple moving average of $51.86.

About iShares Bitcoin Trust ETF

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.