Advisor Resource Council purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,071 shares of the company’s stock, valued at approximately $219,000.
A number of other large investors have also added to or reduced their stakes in IBIT. Graypoint LLC lifted its position in shares of iShares Bitcoin Trust by 26.9% during the 3rd quarter. Graypoint LLC now owns 16,860 shares of the company’s stock valued at $609,000 after acquiring an additional 3,576 shares during the period. Beacon Financial Advisory LLC acquired a new stake in iShares Bitcoin Trust during the third quarter worth about $253,000. Avidian Wealth Enterprises LLC increased its holdings in iShares Bitcoin Trust by 40.3% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 19,931 shares of the company’s stock valued at $720,000 after buying an additional 5,724 shares during the period. Heritage Investors Management Corp acquired a new position in shares of iShares Bitcoin Trust in the 3rd quarter valued at approximately $303,000. Finally, Capital Wealth Alliance LLC lifted its holdings in shares of iShares Bitcoin Trust by 10.9% during the 3rd quarter. Capital Wealth Alliance LLC now owns 11,220 shares of the company’s stock worth $405,000 after acquiring an additional 1,107 shares during the period.
iShares Bitcoin Trust Price Performance
Shares of NASDAQ:IBIT opened at $43.60 on Friday. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $43.84. The company’s 50 day simple moving average is $36.34 and its 200 day simple moving average is $36.20.
About iShares Bitcoin Trust
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.
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