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

Arkadios Wealth Advisors raised its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 58.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 43,794 shares of the company’s stock after acquiring an additional 16,090 shares during the quarter. Arkadios Wealth Advisors’ holdings in iShares Bitcoin Trust were worth $2,323,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBIT. Asset Dedication LLC increased its stake in iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after buying an additional 279 shares during the last quarter. PSI Advisors LLC acquired a new stake in iShares Bitcoin Trust in the 4th quarter valued at $30,000. Glass Jacobson Investment Advisors llc increased its stake in iShares Bitcoin Trust by 40.2% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock valued at $38,000 after buying an additional 304 shares during the last quarter. West Financial Advisors LLC acquired a new stake in iShares Bitcoin Trust in the 3rd quarter valued at $40,000. Finally, Hollencrest Capital Management increased its stake in shares of iShares Bitcoin Trust by 256.7% during the 2nd quarter. Hollencrest Capital Management now owns 1,327 shares of the company’s stock worth $45,000 after purchasing an additional 955 shares during the last quarter.

iShares Bitcoin Trust Stock Performance

iShares Bitcoin Trust stock opened at $59.62 on Friday. The company’s 50-day moving average is $54.88 and its 200-day moving average is $42.45. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $61.75.

About iShares Bitcoin Trust

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.