PNC Financial Services Group Inc. Sells 119,111 Shares of iShares Bitcoin Trust ETF $IBIT

PNC Financial Services Group Inc. cut its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 18.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 523,235 shares of the company’s stock after selling 119,111 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares Bitcoin Trust ETF were worth $25,979,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Laurore Ltd bought a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at approximately $436,239,000. Schonfeld Strategic Advisors LLC boosted its position in shares of iShares Bitcoin Trust ETF by 19.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock valued at $440,856,000 after purchasing an additional 1,093,183 shares in the last quarter. Sculptor Capital LP boosted its position in shares of iShares Bitcoin Trust ETF by 59.5% during the second quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock valued at $274,664,000 after purchasing an additional 1,673,788 shares in the last quarter. 59 North Capital Management LP bought a new stake in shares of iShares Bitcoin Trust ETF during the third quarter valued at approximately $169,100,000. Finally, Crcm LP boosted its position in shares of iShares Bitcoin Trust ETF by 37.7% during the third quarter. Crcm LP now owns 2,214,074 shares of the company’s stock valued at $143,915,000 after purchasing an additional 605,992 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

NASDAQ IBIT opened at $42.96 on Friday. iShares Bitcoin Trust ETF has a twelve month low of $35.30 and a twelve month high of $71.82. The stock’s 50 day moving average is $42.13 and its 200 day moving average is $45.99.

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.