Kingswood Wealth Advisors LLC Has $5.28 Million Stock Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Kingswood Wealth Advisors LLC lowered its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 99,447 shares of the company’s stock after selling 1,741 shares during the period. Kingswood Wealth Advisors LLC’s holdings in iShares Bitcoin Trust were worth $5,276,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Vienna Asset Management LLC increased its position in iShares Bitcoin Trust by 131.6% during the third quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock worth $963,000 after acquiring an additional 15,137 shares during the period. Garden State Investment Advisory Services LLC acquired a new stake in iShares Bitcoin Trust in the 3rd quarter worth $656,000. B. Riley Wealth Advisors Inc. increased its holdings in shares of iShares Bitcoin Trust by 32.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock worth $1,357,000 after purchasing an additional 9,266 shares during the period. Mutual Advisors LLC raised its position in shares of iShares Bitcoin Trust by 65.8% during the fourth quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock valued at $8,967,000 after buying an additional 62,338 shares during the last quarter. Finally, Capstone Investment Advisors LLC bought a new stake in shares of iShares Bitcoin Trust in the third quarter valued at about $11,507,000.

iShares Bitcoin Trust Stock Up 1.5 %

iShares Bitcoin Trust stock opened at $59.70 on Monday. The business has a 50 day moving average price of $55.77 and a two-hundred day moving average price of $43.38. iShares Bitcoin Trust has a 12 month low of $22.58 and a 12 month high of $61.75.

iShares Bitcoin Trust 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.