Peapack Gladstone Financial Corp Boosts Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Peapack Gladstone Financial Corp boosted its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 7.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,565 shares of the company’s stock after acquiring an additional 580 shares during the period. Peapack Gladstone Financial Corp’s holdings in iShares Bitcoin Trust were worth $455,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Stephens Consulting LLC raised its position in shares of iShares Bitcoin Trust by 62.8% during the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after purchasing an additional 189 shares during the last quarter. AlphaMark Advisors LLC raised its holdings in shares of iShares Bitcoin Trust by 8.9% in the fourth quarter. AlphaMark Advisors LLC now owns 2,455 shares of the company’s stock worth $130,000 after acquiring an additional 200 shares during the last quarter. Pathway Financial Advisers LLC raised its holdings in shares of iShares Bitcoin Trust by 52.9% in the fourth quarter. Pathway Financial Advisers LLC now owns 665 shares of the company’s stock worth $35,000 after acquiring an additional 230 shares during the last quarter. SouthState Corp lifted its position in shares of iShares Bitcoin Trust by 5.5% in the fourth quarter. SouthState Corp now owns 4,411 shares of the company’s stock valued at $234,000 after acquiring an additional 230 shares in the last quarter. Finally, Mosley Wealth Management boosted its stake in shares of iShares Bitcoin Trust by 2.5% during the fourth quarter. Mosley Wealth Management now owns 9,341 shares of the company’s stock valued at $496,000 after acquiring an additional 231 shares during the last quarter.

iShares Bitcoin Trust Trading Down 1.5 %

iShares Bitcoin Trust stock opened at $43.59 on Wednesday. The stock has a 50-day moving average price of $50.59 and a 200 day moving average price of $49.46. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75.

iShares Bitcoin Trust 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.