72,453 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Acquired by Pure Portfolios Holdings LLC

Pure Portfolios Holdings LLC bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 72,453 shares of the company’s stock, valued at approximately $2,618,000. iShares Bitcoin Trust makes up approximately 1.0% of Pure Portfolios Holdings LLC’s portfolio, making the stock its 26th largest position.

A number of other hedge funds also recently added to or reduced their stakes in the business. FinTrust Capital Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust during the 1st quarter worth approximately $26,000. Glass Jacobson Investment Advisors llc purchased a new position in iShares Bitcoin Trust in the second quarter worth $26,000. Asset Dedication LLC boosted its holdings in iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after buying an additional 279 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in iShares Bitcoin Trust during the first quarter worth $30,000. Finally, Creekmur Asset Management LLC acquired a new stake in shares of iShares Bitcoin Trust in the first quarter valued at approximately $30,000.

iShares Bitcoin Trust Trading Up 2.7 %

Shares of IBIT opened at $39.07 on Friday. The stock has a fifty day moving average of $34.80 and a two-hundred day moving average of $36.01. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $41.99.

About iShares Bitcoin Trust

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.