Avidian Wealth Enterprises LLC Grows Stock Holdings in iShares Bitcoin Trust ETF $IBIT

Avidian Wealth Enterprises LLC grew its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 12.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 40,574 shares of the company’s stock after acquiring an additional 4,457 shares during the period. Avidian Wealth Enterprises LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,484,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Fairway Wealth LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the second quarter valued at approximately $110,000. Fiduciary Planning LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 9.0% during the second quarter. Fiduciary Planning LLC now owns 20,622 shares of the company’s stock valued at $1,262,000 after purchasing an additional 1,706 shares during the last quarter. Princeton Global Asset Management LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 33.6% during the second quarter. Princeton Global Asset Management LLC now owns 6,953 shares of the company’s stock valued at $426,000 after purchasing an additional 1,750 shares during the last quarter. CORDA Investment Management LLC. purchased a new position in shares of iShares Bitcoin Trust ETF during the second quarter valued at approximately $1,399,000. Finally, Evermay Wealth Management LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 15.8% during the second quarter. Evermay Wealth Management LLC now owns 1,100 shares of the company’s stock valued at $67,000 after purchasing an additional 150 shares during the last quarter.

iShares Bitcoin Trust ETF Trading Up 4.1%

IBIT stock opened at $62.93 on Tuesday. The firm has a 50 day moving average price of $65.03 and a 200-day moving average price of $61.24. iShares Bitcoin Trust ETF has a 52-week low of $37.09 and a 52-week high of $71.82.

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.