Kingswood Wealth Advisors LLC Buys New Shares in iShares Bitcoin Trust (NASDAQ:IBIT)

Kingswood Wealth Advisors LLC purchased a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the first quarter, HoldingsChannel.com reports. The fund purchased 98,411 shares of the company’s stock, valued at approximately $3,983,000.

A number of other large investors have also added to or reduced their stakes in IBIT. Sound Income Strategies LLC bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at about $30,000. Salem Investment Counselors Inc. bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at about $41,000. Catalyst Private Wealth LLC bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at about $212,000. LexAurum Advisors LLC bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at about $485,000. Finally, Signal Advisors Wealth LLC bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at about $832,000.

iShares Bitcoin Trust Trading Down 1.7 %

Shares of IBIT traded down $0.59 during trading hours on Wednesday, reaching $34.71. 12,855,133 shares of the company traded hands, compared to its average volume of 32,677,426. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $41.99. The firm has a fifty day moving average price of $37.25.

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.