Arkadios Wealth Advisors Purchases 16,090 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Arkadios Wealth Advisors lifted its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 58.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,794 shares of the company’s stock after purchasing an additional 16,090 shares during the quarter. Arkadios Wealth Advisors’ holdings in iShares Bitcoin Trust were worth $2,323,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IBIT. Asset Dedication LLC boosted its position in shares of iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares in the last quarter. PSI Advisors LLC bought a new position in shares of iShares Bitcoin Trust during the fourth quarter worth $30,000. Glass Jacobson Investment Advisors llc boosted its position in shares of iShares Bitcoin Trust by 40.2% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock worth $38,000 after purchasing an additional 304 shares in the last quarter. West Financial Advisors LLC bought a new position in shares of iShares Bitcoin Trust during the third quarter worth $40,000. Finally, Hollencrest Capital Management boosted its position in shares of iShares Bitcoin Trust by 256.7% during the second quarter. Hollencrest Capital Management now owns 1,327 shares of the company’s stock worth $45,000 after purchasing an additional 955 shares in the last quarter.

iShares Bitcoin Trust Stock Up 4.4 %

IBIT opened at $59.62 on Friday. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $61.75. The firm’s fifty day simple moving average is $54.88 and its 200 day simple moving average is $42.45.

iShares Bitcoin Trust 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.