iShares Bitcoin Trust ETF $IBIT Holdings Raised by Beacon Financial Advisory LLC

Beacon Financial Advisory LLC increased its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 17.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 6,210 shares of the company’s stock after purchasing an additional 916 shares during the period. Beacon Financial Advisory LLC’s holdings in iShares Bitcoin Trust ETF were worth $380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in IBIT. Brighton Jones LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth $711,000. Bison Wealth LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at about $3,140,000. NBC Securities Inc. grew its position in shares of iShares Bitcoin Trust ETF by 92,450.0% during the 1st quarter. NBC Securities Inc. now owns 1,851 shares of the company’s stock valued at $86,000 after buying an additional 1,849 shares during the last quarter. Merit Financial Group LLC grew its position in shares of iShares Bitcoin Trust ETF by 51.8% during the 1st quarter. Merit Financial Group LLC now owns 26,566 shares of the company’s stock valued at $1,244,000 after buying an additional 9,066 shares during the last quarter. Finally, Princeton Global Asset Management LLC raised its stake in iShares Bitcoin Trust ETF by 8.0% during the first quarter. Princeton Global Asset Management LLC now owns 5,203 shares of the company’s stock worth $244,000 after acquiring an additional 385 shares during the period.

iShares Bitcoin Trust ETF Stock Performance

Shares of IBIT stock opened at $69.81 on Monday. The business has a 50 day moving average of $65.10 and a two-hundred day moving average of $59.91. iShares Bitcoin Trust ETF has a 52 week low of $33.47 and a 52 week high of $70.53.

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.