VestGen Advisors LLC Raises Stake in iShares Bitcoin Trust ETF $IBIT

VestGen Advisors LLC boosted its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 20.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 79,873 shares of the company’s stock after buying an additional 13,731 shares during the period. VestGen Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $4,930,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter worth about $711,000. Walkner Condon Financial Advisors LLC grew its position in iShares Bitcoin Trust ETF by 15.4% in the 2nd quarter. Walkner Condon Financial Advisors LLC now owns 13,644 shares of the company’s stock worth $835,000 after purchasing an additional 1,821 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in iShares Bitcoin Trust ETF by 43.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 265,300 shares of the company’s stock worth $16,499,000 after purchasing an additional 80,431 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the second quarter valued at approximately $220,000. Finally, Americana Partners LLC increased its stake in shares of iShares Bitcoin Trust ETF by 10.3% in the second quarter. Americana Partners LLC now owns 18,185 shares of the company’s stock valued at $1,113,000 after purchasing an additional 1,704 shares during the period.

iShares Bitcoin Trust ETF Trading Up 1.0%

Shares of NASDAQ IBIT opened at $51.55 on Friday. The stock has a 50 day simple moving average of $60.47 and a 200-day simple moving average of $62.36. iShares Bitcoin Trust ETF has a 12-month low of $42.98 and a 12-month high of $71.82.

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.