iShares Bitcoin Trust ETF (NASDAQ:IBIT) Stake Increased by Beacon Financial Advisory LLC

Beacon Financial Advisory LLC increased its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 18.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,294 shares of the company’s stock after buying an additional 819 shares during the period. Beacon Financial Advisory LLC’s holdings in iShares Bitcoin Trust ETF were worth $248,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in IBIT. Vision Financial Markets LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter worth $25,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter worth $28,000. Graney & King LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter worth $31,000. IAG Wealth Partners LLC bought a new stake in iShares Bitcoin Trust ETF during the fourth quarter valued at $32,000. Finally, City Holding Co. increased its stake in iShares Bitcoin Trust ETF by 47.1% during the first quarter. City Holding Co. now owns 718 shares of the company’s stock valued at $34,000 after purchasing an additional 230 shares during the last quarter.

iShares Bitcoin Trust ETF Trading Down 0.7%

IBIT stock opened at $60.72 on Friday. iShares Bitcoin Trust ETF has a 1-year low of $28.23 and a 1-year high of $63.70. The firm has a fifty day moving average price of $58.44 and a two-hundred day moving average price of $54.55.

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.