Brookstone Capital Management Purchases Shares of 173,386 iShares Bitcoin Trust (NASDAQ:IBIT)

Brookstone Capital Management purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 173,386 shares of the company’s stock, valued at approximately $7,017,000.

A number of other large investors have also added to or reduced their stakes in IBIT. Traynor Capital Management Inc. bought a new position in shares of iShares Bitcoin Trust during the first quarter valued at about $3,666,000. Kingswood Wealth Advisors LLC bought a new position in shares of iShares Bitcoin Trust during the first quarter valued at about $3,983,000. Salem Investment Counselors Inc. bought a new position in shares of iShares Bitcoin Trust during the first quarter valued at about $41,000. Signal Advisors Wealth LLC bought a new position in shares of iShares Bitcoin Trust during the first quarter valued at about $832,000. Finally, LexAurum Advisors LLC bought a new position in shares of iShares Bitcoin Trust during the first quarter valued at about $485,000.

iShares Bitcoin Trust Trading Up 0.8 %

Shares of NASDAQ:IBIT opened at $34.98 on Friday. The company’s 50-day moving average is $37.23. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $41.99.

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.