Accel Wealth Management Invests $467,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

Accel Wealth Management purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 11,550 shares of the company’s stock, valued at approximately $467,000.

Other large investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new position in iShares Bitcoin Trust during the 1st quarter valued at $30,000. Salem Investment Counselors Inc. acquired a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at about $41,000. JTC Employer Solutions Trustee Ltd acquired a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at about $84,000. AlphaMark Advisors LLC acquired a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at about $103,000. Finally, Pettinga Financial Advisors LLC acquired a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at about $204,000.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ IBIT traded down $0.78 during midday trading on Thursday, hitting $34.44. The company’s stock had a trading volume of 12,793,340 shares, compared to its average volume of 31,962,129. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $41.99. The business has a fifty day simple moving average of $37.04.

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.