Benchmark Financial Wealth Advisors LLC Purchases New Position in iShares Bitcoin Trust ETF $IBIT

Benchmark Financial Wealth Advisors LLC acquired a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,580 shares of the company’s stock, valued at approximately $464,000.

A number of other hedge funds have also recently added to or reduced their stakes in IBIT. Brighton Jones LLC bought a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth $711,000. Bison Wealth LLC bought a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at $3,140,000. Mather Group LLC. boosted its holdings in shares of iShares Bitcoin Trust ETF by 164.2% during the 1st quarter. Mather Group LLC. now owns 605 shares of the company’s stock valued at $28,000 after acquiring an additional 376 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of iShares Bitcoin Trust ETF during the 1st quarter valued at $1,166,000. Finally, Silver Oak Securities Incorporated bought a new stake in iShares Bitcoin Trust ETF during the 1st quarter worth $240,000.

iShares Bitcoin Trust ETF Stock Up 3.1%

Shares of IBIT opened at $62.30 on Monday. iShares Bitcoin Trust ETF has a 12-month low of $38.17 and a 12-month high of $71.82. The business has a 50-day simple moving average of $64.41 and a two-hundred day simple moving average of $62.39.

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.