Axxcess Wealth Management LLC Raises Stock Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Axxcess Wealth Management LLC grew its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 341.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 84,303 shares of the company’s stock after acquiring an additional 65,220 shares during the quarter. Axxcess Wealth Management LLC’s holdings in iShares Bitcoin Trust were worth $4,472,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Horizon Kinetics Asset Management LLC lifted its position in iShares Bitcoin Trust by 7.3% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 864,272 shares of the company’s stock valued at $45,850,000 after purchasing an additional 58,469 shares during the last quarter. Curio Wealth LLC purchased a new stake in shares of iShares Bitcoin Trust during the 4th quarter valued at about $47,000. Signaturefd LLC raised its position in shares of iShares Bitcoin Trust by 174.7% during the 4th quarter. Signaturefd LLC now owns 11,765 shares of the company’s stock valued at $624,000 after buying an additional 7,482 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of iShares Bitcoin Trust by 76.9% in the 4th quarter. Parallel Advisors LLC now owns 33,867 shares of the company’s stock valued at $1,797,000 after acquiring an additional 14,717 shares during the last quarter. Finally, SouthState Corp grew its position in iShares Bitcoin Trust by 5.5% in the fourth quarter. SouthState Corp now owns 4,411 shares of the company’s stock worth $234,000 after acquiring an additional 230 shares in the last quarter.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ IBIT opened at $46.81 on Wednesday. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75. The business’s 50 day moving average is $53.66 and its two-hundred day moving average is $47.98.

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.