Dynamic Advisor Solutions LLC Has $3.79 Million Position in iShares Bitcoin Trust ETF $IBIT

Dynamic Advisor Solutions LLC lowered its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 13.8% in the second quarter, HoldingsChannel.com reports. The firm owned 113,748 shares of the company’s stock after selling 18,249 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in iShares Bitcoin Trust ETF were worth $3,787,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Marshall & Sterling Wealth Advisors Inc. boosted its position in iShares Bitcoin Trust ETF by 12,500.0% in the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock valued at $25,000 after buying an additional 500 shares during the last quarter. Key Capital Management INC bought a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth $26,000. Vermillion & White Wealth Management Group LLC raised its position in shares of iShares Bitcoin Trust ETF by 637.5% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock worth $26,000 after acquiring an additional 459 shares during the last quarter. Sfam LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at $26,000. Finally, Semmax Financial Advisors Inc. lifted its stake in shares of iShares Bitcoin Trust ETF by 135.9% during the second quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock valued at $33,000 after acquiring an additional 284 shares during the period.

iShares Bitcoin Trust ETF Trading Down 0.7%

iShares Bitcoin Trust ETF stock opened at $36.49 on Friday. The business’s 50-day simple moving average is $36.15 and its 200 day simple moving average is $40.01. iShares Bitcoin Trust ETF has a 12-month low of $32.84 and a 12-month high of $71.82.

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.