iShares Bitcoin Trust (NASDAQ:IBIT) Shares Purchased by Paragon Advisors LLC

Paragon Advisors LLC boosted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 54.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 458,111 shares of the company’s stock after buying an additional 162,178 shares during the quarter. iShares Bitcoin Trust accounts for approximately 5.4% of Paragon Advisors LLC’s portfolio, making the stock its 4th largest holding. Paragon Advisors LLC owned 0.07% of iShares Bitcoin Trust worth $16,552,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Creekmur Asset Management LLC acquired a new stake in iShares Bitcoin Trust in the first quarter valued at $30,000. Glass Jacobson Investment Advisors llc purchased a new stake in shares of iShares Bitcoin Trust in the second quarter valued at about $26,000. Asset Dedication LLC grew its position in shares of iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after purchasing an additional 279 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of iShares Bitcoin Trust during the 2nd quarter worth approximately $31,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of iShares Bitcoin Trust during the 1st quarter worth approximately $42,000.

iShares Bitcoin Trust Trading Up 4.8 %

Shares of NASDAQ:IBIT opened at $52.13 on Friday. iShares Bitcoin Trust has a one year low of $22.02 and a one year high of $53.26. The business’s fifty day moving average price is $38.39 and its two-hundred day moving average price is $36.73.

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.