Acorn Financial Advisory Services Inc. ADV lifted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 10.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 658,879 shares of the company’s stock after purchasing an additional 64,518 shares during the quarter. iShares Bitcoin Trust ETF accounts for about 3.5% of Acorn Financial Advisory Services Inc. ADV’s holdings, making the stock its 10th largest holding. Acorn Financial Advisory Services Inc. ADV’s holdings in iShares Bitcoin Trust ETF were worth $25,314,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Chapman Financial Group LLC bought a new stake in iShares Bitcoin Trust ETF in the 3rd quarter worth approximately $25,000. Marshall & Sterling Wealth Advisors Inc. lifted its stake in iShares Bitcoin Trust ETF by 12,500.0% in the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares during the last quarter. Key Capital Management INC purchased a new stake in iShares Bitcoin Trust ETF during the fourth quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC boosted its position in iShares Bitcoin Trust ETF by 637.5% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock valued at $26,000 after buying an additional 459 shares during the period. Finally, Sfam LLC bought a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at about $26,000.
iShares Bitcoin Trust ETF Trading Down 2.6%
IBIT opened at $33.29 on Wednesday. The business’s 50-day moving average price is $40.44 and its 200-day moving average price is $42.82. iShares Bitcoin Trust ETF has a 12 month low of $32.84 and a 12 month 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.
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