Axxcess Wealth Management LLC Trims Stock Position in iShares Bitcoin Trust ETF $IBIT

Axxcess Wealth Management LLC cut its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 3.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 138,953 shares of the company’s stock after selling 5,340 shares during the quarter. Axxcess Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $8,505,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of IBIT. Osterweis Capital Management Inc. increased its holdings in iShares Bitcoin Trust ETF by 10.8% during the first quarter. Osterweis Capital Management Inc. now owns 1,817 shares of the company’s stock valued at $85,000 after buying an additional 177 shares during the period. Philadelphia Trust Co. increased its holdings in iShares Bitcoin Trust ETF by 1.5% during the first quarter. Philadelphia Trust Co. now owns 11,891 shares of the company’s stock valued at $557,000 after buying an additional 180 shares during the period. GSG Advisors LLC increased its holdings in iShares Bitcoin Trust ETF by 2.4% during the second quarter. GSG Advisors LLC now owns 7,576 shares of the company’s stock valued at $464,000 after buying an additional 180 shares during the period. Eagle Bay Advisors LLC increased its holdings in iShares Bitcoin Trust ETF by 3.9% during the second quarter. Eagle Bay Advisors LLC now owns 4,979 shares of the company’s stock valued at $305,000 after buying an additional 187 shares during the period. Finally, Truist Financial Corp increased its holdings in iShares Bitcoin Trust ETF by 0.4% during the second quarter. Truist Financial Corp now owns 45,287 shares of the company’s stock valued at $2,772,000 after buying an additional 193 shares during the period.

iShares Bitcoin Trust ETF Price Performance

Shares of IBIT stock opened at $65.81 on Tuesday. The company’s 50 day moving average is $65.40 and its 200 day moving average is $60.72. iShares Bitcoin Trust ETF has a 52-week low of $36.82 and a 52-week 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.