Pacific Excel Wealth Advisors Inc. Invests $877,000 in iShares Bitcoin Trust ETF $IBIT

Pacific Excel Wealth Advisors Inc. purchased a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 26,359 shares of the company’s stock, valued at approximately $877,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC acquired a new position in iShares Bitcoin Trust ETF during the 4th quarter worth $711,000. BIP Wealth LLC raised its position in iShares Bitcoin Trust ETF by 220.4% in the 4th quarter. BIP Wealth LLC now owns 27,207 shares of the company’s stock valued at $1,351,000 after purchasing an additional 18,716 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in iShares Bitcoin Trust ETF in the 4th quarter valued at about $714,000. E6 Portfolios LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at about $864,000. Finally, Milestone Asset Management LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 113.9% in the 4th quarter. Milestone Asset Management LLC now owns 25,464 shares of the company’s stock valued at $1,264,000 after buying an additional 13,561 shares during the period.

iShares Bitcoin Trust ETF Price Performance

Shares of iShares Bitcoin Trust ETF stock opened at $36.39 on Wednesday. iShares Bitcoin Trust ETF has a one year low of $32.84 and a one year high of $71.82. The business has a 50-day simple moving average of $36.37 and a 200-day simple moving average of $40.26.

iShares Bitcoin Trust ETF 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.