Sax Wealth Advisors LLC Acquires Shares of 5,758 iShares Bitcoin Trust (NASDAQ:IBIT)

Sax Wealth Advisors LLC acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 5,758 shares of the company’s stock, valued at approximately $305,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Asset Dedication LLC lifted its holdings in iShares Bitcoin Trust by 52.4% during the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after buying an additional 279 shares during the last quarter. PSI Advisors LLC purchased a new stake in iShares Bitcoin Trust during the fourth quarter worth approximately $30,000. Glass Jacobson Investment Advisors llc boosted its holdings in iShares Bitcoin Trust by 40.2% in the third quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock valued at $38,000 after purchasing an additional 304 shares in the last quarter. West Financial Advisors LLC purchased a new position in iShares Bitcoin Trust in the third quarter valued at approximately $40,000. Finally, Hollencrest Capital Management raised its holdings in iShares Bitcoin Trust by 256.7% during the second quarter. Hollencrest Capital Management now owns 1,327 shares of the company’s stock worth $45,000 after purchasing an additional 955 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

Shares of iShares Bitcoin Trust stock opened at $59.62 on Friday. The company has a fifty day simple moving average of $54.88 and a 200-day simple moving average of $42.45. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $61.75.

iShares Bitcoin Trust 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.