Axiom Advisory LLC Has $13.88 Million Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Axiom Advisory LLC raised its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 536.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 399,773 shares of the company’s stock after buying an additional 336,953 shares during the period. Axiom Advisory LLC owned 0.11% of iShares Bitcoin Trust worth $13,882,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IBIT. Signal Advisors Wealth LLC acquired a new position in iShares Bitcoin Trust during the 1st quarter worth $832,000. LexAurum Advisors LLC acquired a new position in shares of iShares Bitcoin Trust during the 1st quarter worth about $485,000. Salem Investment Counselors Inc. bought a new stake in iShares Bitcoin Trust during the 1st quarter valued at approximately $41,000. Catalyst Private Wealth LLC acquired a new stake in iShares Bitcoin Trust in the 1st quarter valued at approximately $212,000. Finally, Traynor Capital Management Inc. bought a new position in iShares Bitcoin Trust in the 1st quarter worth approximately $3,666,000.

iShares Bitcoin Trust Trading Up 1.5 %

Shares of IBIT stock opened at $36.06 on Tuesday. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $41.99. The stock has a 50 day moving average of $34.35 and a 200-day moving average of $36.14.

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.