Arkadios Wealth Advisors Acquires 3,075 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Arkadios Wealth Advisors lifted its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 12.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,704 shares of the company’s stock after acquiring an additional 3,075 shares during the period. Arkadios Wealth Advisors’ holdings in iShares Bitcoin Trust were worth $1,001,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IBIT. Wealth Enhancement Advisory Services LLC acquired a new stake in iShares Bitcoin Trust in the 1st quarter worth $3,416,000. SteelPeak Wealth LLC bought a new position in iShares Bitcoin Trust during the first quarter valued at about $272,000. Compass Ion Advisors LLC acquired a new position in iShares Bitcoin Trust in the 1st quarter valued at approximately $345,000. AlphaMark Advisors LLC bought a new stake in shares of iShares Bitcoin Trust in the 1st quarter worth approximately $103,000. Finally, Panoramic Investment Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust during the 1st quarter worth approximately $4,921,000.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ IBIT opened at $38.01 on Monday. iShares Bitcoin Trust has a one year low of $22.02 and a one year high of $41.99. The business has a fifty day simple moving average of $35.27 and a 200 day simple moving average of $35.98.

iShares Bitcoin Trust 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.