Park Edge Advisors LLC Has $4.20 Million Stock Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Park Edge Advisors LLC grew its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,225 shares of the company’s stock after buying an additional 2,043 shares during the quarter. iShares Bitcoin Trust accounts for about 1.2% of Park Edge Advisors LLC’s investment portfolio, making the stock its 11th biggest holding. Park Edge Advisors LLC’s holdings in iShares Bitcoin Trust were worth $4,203,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Union Savings Bank acquired a new position in iShares Bitcoin Trust during the 4th quarter worth approximately $25,000. City Holding Co. grew its position in iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after purchasing an additional 238 shares in the last quarter. Asset Dedication LLC increased its stake in iShares Bitcoin Trust by 52.4% in the 3rd 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 last quarter. PSI Advisors LLC bought a new stake in iShares Bitcoin Trust during the 4th quarter worth about $30,000. Finally, Glass Jacobson Investment Advisors llc lifted its position in iShares Bitcoin Trust by 40.2% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock worth $38,000 after buying an additional 304 shares in the last quarter.

iShares Bitcoin Trust Stock Up 1.5 %

NASDAQ:IBIT opened at $59.70 on Friday. The stock’s 50-day simple moving average is $55.77 and its 200 day simple moving average is $43.38. iShares Bitcoin Trust has a 52-week low of $22.58 and a 52-week high of $61.75.

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.