Axxcess Wealth Management LLC Sells 5,340 Shares of iShares Bitcoin Trust ETF $IBIT

Axxcess Wealth Management LLC lowered its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 3.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,953 shares of the company’s stock after selling 5,340 shares during the period. Axxcess Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $8,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Nemes Rush Group LLC lifted its stake in iShares Bitcoin Trust ETF by 13.1% in the first quarter. Nemes Rush Group LLC now owns 2,582 shares of the company’s stock worth $121,000 after purchasing an additional 300 shares during the last quarter. Galvin Gaustad & Stein LLC increased its position in shares of iShares Bitcoin Trust ETF by 158.1% during the first quarter. Galvin Gaustad & Stein LLC now owns 12,080 shares of the company’s stock worth $565,000 after acquiring an additional 7,400 shares during the period. Brio Consultants LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the first quarter worth approximately $5,308,000. Mather Group LLC. increased its position in shares of iShares Bitcoin Trust ETF by 164.2% during the first quarter. Mather Group LLC. now owns 605 shares of the company’s stock worth $28,000 after acquiring an additional 376 shares during the period. Finally, Brighton Jones LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter worth approximately $711,000.

iShares Bitcoin Trust ETF Stock Down 0.6%

Shares of NASDAQ:IBIT opened at $65.81 on Tuesday. The firm’s 50 day simple moving average is $65.40 and its 200-day simple moving average is $60.72. iShares Bitcoin Trust ETF has a one year low of $36.82 and a one year high of $71.82.

iShares Bitcoin Trust ETF Company 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.