Advisor Resource Council Purchases New Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Advisor Resource Council acquired a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 6,071 shares of the company’s stock, valued at approximately $219,000.

A number of other hedge funds have also recently added to or reduced their stakes in IBIT. Graypoint LLC lifted its stake in shares of iShares Bitcoin Trust by 26.9% in the 3rd quarter. Graypoint LLC now owns 16,860 shares of the company’s stock valued at $609,000 after acquiring an additional 3,576 shares during the last quarter. Beacon Financial Advisory LLC acquired a new position in iShares Bitcoin Trust in the 3rd quarter worth about $253,000. Avidian Wealth Enterprises LLC raised its position in iShares Bitcoin Trust by 40.3% in the third quarter. Avidian Wealth Enterprises LLC now owns 19,931 shares of the company’s stock valued at $720,000 after purchasing an additional 5,724 shares during the last quarter. Heritage Investors Management Corp acquired a new stake in shares of iShares Bitcoin Trust during the third quarter valued at about $303,000. Finally, Capital Wealth Alliance LLC grew its holdings in shares of iShares Bitcoin Trust by 10.9% during the third quarter. Capital Wealth Alliance LLC now owns 11,220 shares of the company’s stock worth $405,000 after purchasing an additional 1,107 shares during the last quarter.

iShares Bitcoin Trust Trading Up 0.5 %

Shares of NASDAQ IBIT opened at $43.60 on Friday. The company has a 50 day simple moving average of $36.34 and a 200 day simple moving average of $36.20. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $43.84.

iShares Bitcoin Trust 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.