Avantax Advisory Services Inc. Buys 140,013 Shares of iShares Bitcoin Trust ETF $IBIT

Avantax Advisory Services Inc. raised its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 215.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 205,075 shares of the company’s stock after acquiring an additional 140,013 shares during the period. Avantax Advisory Services Inc.’s holdings in iShares Bitcoin Trust ETF were worth $12,553,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Glaxis Capital Management LLC acquired a new position in iShares Bitcoin Trust ETF in the 2nd quarter valued at $814,000. WealthTrust Asset Management LLC boosted its position in shares of iShares Bitcoin Trust ETF by 1.2% in the second quarter. WealthTrust Asset Management LLC now owns 15,013 shares of the company’s stock valued at $919,000 after acquiring an additional 183 shares during the period. Cetera Investment Advisers grew its stake in shares of iShares Bitcoin Trust ETF by 63.2% in the second quarter. Cetera Investment Advisers now owns 561,678 shares of the company’s stock valued at $34,380,000 after acquiring an additional 217,555 shares in the last quarter. New England Capital Financial Advisors LLC increased its position in iShares Bitcoin Trust ETF by 33.3% during the second quarter. New England Capital Financial Advisors LLC now owns 1,109 shares of the company’s stock worth $68,000 after acquiring an additional 277 shares during the period. Finally, WealthShield Partners LLC increased its position in iShares Bitcoin Trust ETF by 2.6% during the second quarter. WealthShield Partners LLC now owns 33,209 shares of the company’s stock worth $2,033,000 after acquiring an additional 834 shares during the period.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ:IBIT opened at $53.47 on Monday. The company’s 50 day moving average price is $63.39 and its two-hundred day moving average price is $62.80. iShares Bitcoin Trust ETF has a 12-month low of $42.98 and a 12-month 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.