J.W. Cole Advisors Inc. Has $2.56 Million Position in iShares Bitcoin Trust ETF $IBIT

J.W. Cole Advisors Inc. increased its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 70.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,744 shares of the company’s stock after buying an additional 17,325 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in iShares Bitcoin Trust ETF were worth $2,555,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Evermay Wealth Management LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 15.8% during the 2nd quarter. Evermay Wealth Management LLC now owns 1,100 shares of the company’s stock worth $67,000 after purchasing an additional 150 shares in the last quarter. Osterweis Capital Management Inc. lifted its position in iShares Bitcoin Trust ETF by 10.8% in the first quarter. Osterweis Capital Management Inc. now owns 1,817 shares of the company’s stock worth $85,000 after purchasing an additional 177 shares during the period. Philadelphia Trust Co. boosted its stake in iShares Bitcoin Trust ETF by 1.5% during the first quarter. Philadelphia Trust Co. now owns 11,891 shares of the company’s stock worth $557,000 after buying an additional 180 shares in the last quarter. GSG Advisors LLC boosted its stake in iShares Bitcoin Trust ETF by 2.4% during the second quarter. GSG Advisors LLC now owns 7,576 shares of the company’s stock worth $464,000 after buying an additional 180 shares in the last quarter. Finally, WealthTrust Asset Management LLC increased its holdings in iShares Bitcoin Trust ETF by 1.2% in the 2nd quarter. WealthTrust Asset Management LLC now owns 15,013 shares of the company’s stock valued at $919,000 after buying an additional 183 shares during the period.

iShares Bitcoin Trust ETF Stock Performance

Shares of IBIT stock opened at $51.03 on Friday. iShares Bitcoin Trust ETF has a 52-week low of $42.98 and a 52-week high of $71.82. The firm has a fifty day moving average of $60.74 and a 200-day moving average of $62.38.

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.