PNC Financial Services Group Inc. Lowers Stock Holdings in iShares Bitcoin Trust ETF $IBIT

PNC Financial Services Group Inc. reduced its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 56.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 229,888 shares of the company’s stock after selling 293,347 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares Bitcoin Trust ETF were worth $8,832,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Marshall & Sterling Wealth Advisors Inc. boosted its stake in iShares Bitcoin Trust ETF by 12,500.0% in the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock worth $25,000 after buying an additional 500 shares during the last quarter. Key Capital Management INC acquired a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC increased its stake in shares of iShares Bitcoin Trust ETF by 637.5% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock valued at $26,000 after acquiring an additional 459 shares during the last quarter. Sfam LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter worth about $26,000. Finally, Semmax Financial Advisors Inc. boosted its position in shares of iShares Bitcoin Trust ETF by 135.9% in the second quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after acquiring an additional 284 shares during the last quarter.

iShares Bitcoin Trust ETF Price Performance

IBIT opened at $36.35 on Monday. iShares Bitcoin Trust ETF has a 1 year low of $32.84 and a 1 year high of $71.82. The company’s 50 day simple moving average is $37.37 and its 200 day simple moving average is $41.06.

About iShares Bitcoin Trust ETF

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.