Avantax Advisory Services Inc. Acquires 140,013 Shares of iShares Bitcoin Trust ETF $IBIT

Avantax Advisory Services Inc. grew its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 215.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,075 shares of the company’s stock after acquiring an additional 140,013 shares during the period. Avantax Advisory Services Inc.’s holdings in iShares Bitcoin Trust ETF were worth $12,553,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Signature Resources Capital Management LLC increased its position in shares of iShares Bitcoin Trust ETF by 81.6% during the 2nd quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock worth $27,000 after purchasing an additional 200 shares during the last quarter. TD Capital Management LLC increased its holdings in iShares Bitcoin Trust ETF by 48.9% during the first quarter. TD Capital Management LLC now owns 636 shares of the company’s stock worth $30,000 after buying an additional 209 shares during the last quarter. RMG Wealth Management LLC acquired a new position in iShares Bitcoin Trust ETF during the second quarter worth $30,000. JFS Wealth Advisors LLC raised its position in iShares Bitcoin Trust ETF by 1,277.1% during the second quarter. JFS Wealth Advisors LLC now owns 482 shares of the company’s stock worth $30,000 after acquiring an additional 447 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in iShares Bitcoin Trust ETF by 261.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 730 shares of the company’s stock valued at $34,000 after acquiring an additional 528 shares during the last quarter.

iShares Bitcoin Trust ETF Trading Down 3.8%

iShares Bitcoin Trust ETF stock opened at $53.47 on Monday. The stock has a 50-day simple moving average of $63.39 and a 200 day simple moving average of $62.80. iShares Bitcoin Trust ETF has a 52 week low of $42.98 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.