Advisory Alpha LLC Makes New Investment in iShares Bitcoin Trust ETF $IBIT

Advisory Alpha LLC acquired a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,313 shares of the company’s stock, valued at approximately $264,000.

Several other institutional investors have also added to or reduced their stakes in the company. Evermay Wealth Management LLC lifted its stake in iShares Bitcoin Trust ETF by 15.8% in the second quarter. Evermay Wealth Management LLC now owns 1,100 shares of the company’s stock worth $67,000 after purchasing an additional 150 shares during the last quarter. Osterweis Capital Management Inc. lifted its stake in iShares Bitcoin Trust ETF by 10.8% in the first quarter. Osterweis Capital Management Inc. now owns 1,817 shares of the company’s stock worth $85,000 after purchasing an additional 177 shares during the last quarter. Philadelphia Trust Co. lifted its stake in iShares Bitcoin Trust ETF by 1.5% in the first quarter. Philadelphia Trust Co. now owns 11,891 shares of the company’s stock worth $557,000 after purchasing an additional 180 shares during the last quarter. GSG Advisors LLC lifted its stake in iShares Bitcoin Trust ETF by 2.4% in the second quarter. GSG Advisors LLC now owns 7,576 shares of the company’s stock worth $464,000 after purchasing an additional 180 shares during the last quarter. Finally, Eagle Bay Advisors LLC lifted its stake in iShares Bitcoin Trust ETF by 3.9% in the second quarter. Eagle Bay Advisors LLC now owns 4,979 shares of the company’s stock worth $305,000 after purchasing an additional 187 shares during the last quarter.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ IBIT opened at $60.40 on Friday. iShares Bitcoin Trust ETF has a 1 year low of $38.17 and a 1 year high of $71.82. The firm has a 50-day simple moving average of $64.49 and a two-hundred day simple moving average of $62.10.

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.