Axxcess Wealth Management LLC Buys 749,412 Shares of iShares Bitcoin Trust ETF $IBIT

Axxcess Wealth Management LLC grew its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 526.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 891,892 shares of the company’s stock after purchasing an additional 749,412 shares during the period. Axxcess Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $44,282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Chapman Financial Group LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the 3rd quarter worth approximately $25,000. Anchor Investment Management LLC grew its position in shares of iShares Bitcoin Trust ETF by 210.3% during the 3rd quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock worth $29,000 after purchasing an additional 305 shares in the last quarter. Financial Life Planners acquired a new position in shares of iShares Bitcoin Trust ETF during the 3rd quarter worth approximately $31,000. Semmax Financial Advisors Inc. grew its position in shares of iShares Bitcoin Trust ETF by 135.9% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after purchasing an additional 284 shares in the last quarter. Finally, Key Capital Management INC acquired a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter worth approximately $26,000.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ:IBIT opened at $44.00 on Friday. The company’s 50 day moving average price is $42.07 and its two-hundred day moving average price is $46.01. iShares Bitcoin Trust ETF has a 12-month low of $35.30 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.