Pittenger & Anderson Inc. Has $345,000 Position in iShares Bitcoin Trust ETF $IBIT

Pittenger & Anderson Inc. boosted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 463.6% in the second quarter, Holdings Channel.com reports. The firm owned 5,636 shares of the company’s stock after purchasing an additional 4,636 shares during the quarter. Pittenger & Anderson Inc.’s holdings in iShares Bitcoin Trust ETF were worth $345,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Avidian Wealth Enterprises LLC increased its stake in shares of iShares Bitcoin Trust ETF by 12.3% in the second quarter. Avidian Wealth Enterprises LLC now owns 40,574 shares of the company’s stock valued at $2,484,000 after buying an additional 4,457 shares during the period. Fairway Wealth LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the second quarter valued at about $110,000. Fiduciary Planning LLC increased its stake in shares of iShares Bitcoin Trust ETF by 9.0% in the second quarter. Fiduciary Planning LLC now owns 20,622 shares of the company’s stock valued at $1,262,000 after buying an additional 1,706 shares during the period. Princeton Global Asset Management LLC increased its stake in shares of iShares Bitcoin Trust ETF by 33.6% in the second quarter. Princeton Global Asset Management LLC now owns 6,953 shares of the company’s stock valued at $426,000 after buying an additional 1,750 shares during the period. Finally, CORDA Investment Management LLC. acquired a new stake in shares of iShares Bitcoin Trust ETF in the second quarter valued at about $1,399,000.

iShares Bitcoin Trust ETF Price Performance

Shares of IBIT stock opened at $63.49 on Wednesday. The stock has a 50-day moving average of $64.94 and a 200-day moving average of $61.25. iShares Bitcoin Trust ETF has a 1-year low of $37.09 and a 1-year high of $71.82.

iShares Bitcoin Trust ETF 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.