Kingswood Wealth Advisors LLC Decreases Stake in iShares Bitcoin Trust ETF $IBIT

Kingswood Wealth Advisors LLC reduced its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 17.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 102,738 shares of the company’s stock after selling 22,028 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $6,289,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Capital Advisory LLC raised its position in shares of iShares Bitcoin Trust ETF by 144.7% in the 1st quarter. American Capital Advisory LLC now owns 553 shares of the company’s stock valued at $26,000 after purchasing an additional 327 shares during the last quarter. Signature Resources Capital Management LLC increased its holdings in iShares Bitcoin Trust ETF by 81.6% in the 2nd quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock worth $27,000 after buying an additional 200 shares during the period. Mather Group LLC. increased its holdings in iShares Bitcoin Trust ETF by 164.2% in the 1st quarter. Mather Group LLC. now owns 605 shares of the company’s stock worth $28,000 after buying an additional 376 shares during the period. Berbice Capital Management LLC increased its holdings in iShares Bitcoin Trust ETF by 100.0% in the 1st quarter. Berbice Capital Management LLC now owns 600 shares of the company’s stock worth $28,000 after buying an additional 300 shares during the period. Finally, Smallwood Wealth Investment Management LLC acquired a new position in iShares Bitcoin Trust ETF in the 1st quarter worth approximately $30,000.

iShares Bitcoin Trust ETF Trading Up 2.1%

Shares of NASDAQ:IBIT opened at $71.29 on Tuesday. iShares Bitcoin Trust ETF has a twelve month low of $33.47 and a twelve month high of $71.82. The company’s 50 day moving average is $65.18 and its 200 day moving average is $60.07.

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.