Advyzon Investment Management LLC Makes New $938,000 Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Advyzon Investment Management LLC bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,678 shares of the company’s stock, valued at approximately $938,000.

A number of other institutional investors have also modified their holdings of IBIT. Creative Planning raised its stake in shares of iShares Bitcoin Trust by 0.9% during the third quarter. Creative Planning now owns 186,104 shares of the company’s stock valued at $6,724,000 after purchasing an additional 1,632 shares in the last quarter. Stratos Wealth Advisors LLC bought a new stake in iShares Bitcoin Trust in the third quarter worth $241,000. Venture Visionary Partners LLC bought a new stake in iShares Bitcoin Trust during the third quarter valued at about $350,000. Sequoia Financial Advisors LLC boosted its holdings in iShares Bitcoin Trust by 46.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 31,024 shares of the company’s stock valued at $1,121,000 after purchasing an additional 9,902 shares during the period. Finally, Private Advisor Group LLC raised its stake in shares of iShares Bitcoin Trust by 117.9% in the third quarter. Private Advisor Group LLC now owns 335,820 shares of the company’s stock valued at $12,133,000 after purchasing an additional 181,700 shares in the last quarter.

iShares Bitcoin Trust Stock Up 2.1 %

IBIT stock opened at $54.65 on Thursday. The business has a fifty day moving average price of $56.17 and a 200 day moving average price of $45.84. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75.

About iShares Bitcoin Trust

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.