Acorn Financial Advisory Services Inc. ADV Sells 31,140 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Acorn Financial Advisory Services Inc. ADV trimmed its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 46.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,282 shares of the company’s stock after selling 31,140 shares during the period. Acorn Financial Advisory Services Inc. ADV’s holdings in iShares Bitcoin Trust were worth $1,311,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Glass Jacobson Investment Advisors llc bought a new position in shares of iShares Bitcoin Trust in the 2nd quarter worth $26,000. Asset Dedication LLC lifted its holdings in shares of iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares in the last quarter. Creekmur Asset Management LLC bought a new position in shares of iShares Bitcoin Trust in the 1st quarter worth $30,000. International Assets Investment Management LLC bought a new position in shares of iShares Bitcoin Trust in the 2nd quarter worth $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of iShares Bitcoin Trust in the 2nd quarter worth $36,000.

iShares Bitcoin Trust Price Performance

Shares of IBIT traded up $0.09 during trading hours on Friday, reaching $43.69. The stock had a trading volume of 44,183,719 shares, compared to its average volume of 31,394,033. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $44.09. The firm has a 50-day simple moving average of $36.55 and a 200 day simple moving average of $36.24.

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.