121,605 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Bought by Panoramic Investment Advisors LLC

Panoramic Investment Advisors LLC bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 121,605 shares of the company’s stock, valued at approximately $4,921,000. iShares Bitcoin Trust accounts for 3.6% of Panoramic Investment Advisors LLC’s investment portfolio, making the stock its 4th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. AlphaMark Advisors LLC bought a new position in iShares Bitcoin Trust in the first quarter worth $103,000. Udine Wealth Management Inc. bought a new position in shares of iShares Bitcoin Trust during the first quarter valued at $2,035,000. Pettinga Financial Advisors LLC bought a new position in shares of iShares Bitcoin Trust during the first quarter valued at $204,000. Compass Ion Advisors LLC bought a new position in shares of iShares Bitcoin Trust during the first quarter valued at $345,000. Finally, SteelPeak Wealth LLC bought a new position in shares of iShares Bitcoin Trust in the first quarter valued at about $272,000.

iShares Bitcoin Trust Stock Down 2.1 %

Shares of iShares Bitcoin Trust stock traded down $0.75 during trading on Tuesday, reaching $35.25. The company’s stock had a trading volume of 7,141,110 shares, compared to its average volume of 32,066,254. The stock has a 50-day moving average of $37.14. iShares Bitcoin Trust has a one year low of $22.02 and a one year high of $41.99.

iShares Bitcoin Trust Company 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.