Pachira Investments Inc. Acquires Shares of 33,596 iShares Bitcoin Trust (NASDAQ:IBIT)

Pachira Investments Inc. bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 33,596 shares of the company’s stock, valued at approximately $1,214,000. iShares Bitcoin Trust accounts for 0.9% of Pachira Investments Inc.’s portfolio, making the stock its 21st largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust during the 1st quarter worth $26,000. Glass Jacobson Investment Advisors llc acquired a new position in iShares Bitcoin Trust during the second quarter worth about $26,000. Asset Dedication LLC increased its holdings in 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 buying an additional 279 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at approximately $30,000. Finally, Creekmur Asset Management LLC purchased a new stake in shares of iShares Bitcoin Trust during the 1st quarter worth approximately $30,000.

iShares Bitcoin Trust Stock Performance

IBIT opened at $39.07 on Friday. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $41.99. The stock’s 50 day simple moving average is $34.80 and its 200 day simple moving average is $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.