Acorn Financial Advisory Services Inc. ADV raised its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 53.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 540,834 shares of the company’s stock after purchasing an additional 187,761 shares during the period. iShares Bitcoin Trust ETF makes up about 5.4% of Acorn Financial Advisory Services Inc. ADV’s investment portfolio, making the stock its 5th largest holding. Acorn Financial Advisory Services Inc. ADV’s holdings in iShares Bitcoin Trust ETF were worth $33,104,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at $711,000. Bison Wealth LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at $3,140,000. Azzad Asset Management Inc. ADV purchased a new stake in shares of iShares Bitcoin Trust ETF during the 1st quarter valued at about $323,000. Stock Yards Bank & Trust Co. purchased a new stake in shares of iShares Bitcoin Trust ETF during the 1st quarter valued at about $225,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 31.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 184,869 shares of the company’s stock valued at $8,654,000 after acquiring an additional 44,295 shares during the last quarter.
iShares Bitcoin Trust ETF Stock Down 0.6%
Shares of NASDAQ IBIT opened at $65.81 on Tuesday. iShares Bitcoin Trust ETF has a 52-week low of $36.82 and a 52-week high of $71.82. The firm’s 50-day moving average price is $65.40 and its 200-day moving average price is $60.72.
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.
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