Pine Valley Investments Ltd Liability Co Invests $353,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

Pine Valley Investments Ltd Liability Co purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,759 shares of the company’s stock, valued at approximately $353,000.

Several other hedge funds also recently modified their holdings of the company. Glass Jacobson Investment Advisors llc acquired a new position in iShares Bitcoin Trust in the 2nd quarter worth about $26,000. Asset Dedication LLC increased its stake 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 buying an additional 279 shares during the period. International Assets Investment Management LLC bought a new position in iShares Bitcoin Trust in the 2nd quarter valued at approximately $31,000. Hantz Financial Services Inc. acquired a new stake in iShares Bitcoin Trust during the 2nd quarter worth approximately $36,000. Finally, West Financial Advisors LLC bought a new stake in iShares Bitcoin Trust during the 3rd quarter worth approximately $40,000.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ IBIT opened at $57.91 on Friday. The firm has a 50 day moving average price of $46.07 and a two-hundred day moving average price of $39.18. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $59.16.

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.