Dynamic Advisor Solutions LLC Buys 22,882 Shares of iShares Bitcoin Trust ETF $IBIT

Dynamic Advisor Solutions LLC grew its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 125.5% during the third quarter, HoldingsChannel.com reports. The fund owned 41,120 shares of the company’s stock after buying an additional 22,882 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,673,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in IBIT. StoneX Group Inc. grew its position in shares of iShares Bitcoin Trust ETF by 41.2% during the second quarter. StoneX Group Inc. now owns 71,076 shares of the company’s stock worth $4,347,000 after purchasing an additional 20,755 shares in the last quarter. Finer Wealth Management Inc. boosted its stake in iShares Bitcoin Trust ETF by 136.2% in the 2nd quarter. Finer Wealth Management Inc. now owns 39,668 shares of the company’s stock worth $2,428,000 after purchasing an additional 22,872 shares during the period. Brighton Jones LLC purchased a new stake in iShares Bitcoin Trust ETF during the 4th quarter valued at approximately $711,000. Walkner Condon Financial Advisors LLC raised its position in shares of iShares Bitcoin Trust ETF by 15.4% during the second quarter. Walkner Condon Financial Advisors LLC now owns 13,644 shares of the company’s stock valued at $835,000 after buying an additional 1,821 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 43.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 265,300 shares of the company’s stock worth $16,499,000 after buying an additional 80,431 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ:IBIT opened at $49.85 on Friday. The firm has a fifty day moving average price of $55.77 and a 200 day moving average price of $61.33. iShares Bitcoin Trust ETF has a fifty-two week low of $42.98 and a fifty-two week high of $71.82.

iShares Bitcoin Trust ETF 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.