Benchmark Financial Wealth Advisors LLC Purchases New Stake in iShares Bitcoin Trust ETF $IBIT

Benchmark Financial Wealth Advisors LLC acquired a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,580 shares of the company’s stock, valued at approximately $464,000.

Several other hedge funds have also recently bought and sold shares of the company. W.G. Shaheen & Associates DBA Whitney & Co raised its position in shares of iShares Bitcoin Trust ETF by 323.4% in the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 67,610 shares of the company’s stock valued at $4,138,000 after buying an additional 51,640 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the 2nd quarter worth approximately $645,000. Ceera Investments LLC bought a new position in iShares Bitcoin Trust ETF in the second quarter valued at approximately $234,000. Wakefield Asset Management LLLP raised its position in iShares Bitcoin Trust ETF by 3.2% during the second quarter. Wakefield Asset Management LLLP now owns 31,711 shares of the company’s stock valued at $1,941,000 after purchasing an additional 997 shares in the last quarter. Finally, Mission Wealth Management LP raised its position in iShares Bitcoin Trust ETF by 15.9% during the second quarter. Mission Wealth Management LP now owns 63,693 shares of the company’s stock valued at $3,899,000 after purchasing an additional 8,716 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

NASDAQ IBIT opened at $62.30 on Monday. The business has a fifty day moving average price of $64.41 and a two-hundred day moving average price of $62.39. iShares Bitcoin Trust ETF has a fifty-two week low of $38.17 and a fifty-two week 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.