Axxcess Wealth Management LLC Trims Stock Holdings in iShares Bitcoin Trust ETF $IBIT

Axxcess Wealth Management LLC lowered its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 30.8% in the first quarter, HoldingsChannel.com reports. The fund owned 154,381 shares of the company’s stock after selling 68,592 shares during the quarter. Axxcess Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $5,931,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of IBIT. McIlrath & Eck LLC raised its stake in shares of iShares Bitcoin Trust ETF by 30.3% in the second quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock worth $43,000 after purchasing an additional 163 shares during the last quarter. Vivaldi Capital Management LP boosted its position in iShares Bitcoin Trust ETF by 3.3% in the second quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock valued at $314,000 after buying an additional 163 shares during the last quarter. Gilbert & Cook Inc. increased its holdings in iShares Bitcoin Trust ETF by 2.5% in the 4th quarter. Gilbert & Cook Inc. now owns 7,931 shares of the company’s stock worth $394,000 after buying an additional 196 shares during the period. McLean Asset Management Corp increased its holdings in iShares Bitcoin Trust ETF by 4.2% in the 4th quarter. McLean Asset Management Corp now owns 5,012 shares of the company’s stock worth $249,000 after buying an additional 200 shares during the period. Finally, GoalVest Advisory LLC increased its holdings in iShares Bitcoin Trust ETF by 21.8% in the 4th quarter. GoalVest Advisory LLC now owns 1,146 shares of the company’s stock worth $57,000 after buying an additional 205 shares during the period.

iShares Bitcoin Trust ETF Price Performance

IBIT opened at $36.15 on Wednesday. iShares Bitcoin Trust ETF has a 12-month low of $32.84 and a 12-month high of $71.82. The firm has a 50 day moving average of $39.59 and a two-hundred day moving average of $42.30.

About iShares Bitcoin Trust ETF

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.