Empower Advisory Group LLC Has $2.43 Million Stake in iShares Bitcoin Trust ETF $IBIT

Empower Advisory Group LLC lowered its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 16.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,724 shares of the company’s stock after selling 7,833 shares during the period. Empower Advisory Group LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,432,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Nemes Rush Group LLC grew its holdings 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 period. Galvin Gaustad & Stein LLC boosted its position in shares of iShares Bitcoin Trust ETF by 158.1% during the 1st quarter. Galvin Gaustad & Stein LLC now owns 12,080 shares of the company’s stock worth $565,000 after purchasing an additional 7,400 shares in the last quarter. Brio Consultants LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the 1st quarter valued at about $5,308,000. Brighton Jones LLC bought a new stake in iShares Bitcoin Trust ETF in the 4th quarter valued at about $711,000. Finally, J.W. Cole Advisors Inc. raised its stake in iShares Bitcoin Trust ETF by 125.3% during the 1st quarter. J.W. Cole Advisors Inc. now owns 24,419 shares of the company’s stock worth $1,143,000 after buying an additional 13,581 shares during the period.

iShares Bitcoin Trust ETF Price Performance

Shares of iShares Bitcoin Trust ETF stock opened at $53.47 on Friday. iShares Bitcoin Trust ETF has a 52 week low of $42.98 and a 52 week high of $71.82. The stock has a 50 day moving average price of $63.39 and a two-hundred day moving average price of $62.73.

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.