XP Advisory US Inc. Takes $386,000 Position in iShares Bitcoin Trust ETF $IBIT

XP Advisory US Inc. bought a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,603 shares of the company’s stock, valued at approximately $386,000. iShares Bitcoin Trust ETF comprises about 0.2% of XP Advisory US Inc.’s portfolio, making the stock its 19th largest holding.

A number of other institutional investors have also modified their holdings of the business. Brighton Jones LLC acquired a new position in iShares Bitcoin Trust ETF in the 4th quarter valued at $711,000. E6 Portfolios LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter worth $864,000. WealthPlan Investment Management LLC purchased a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at about $1,421,000. Harvest Portfolios Group Inc. boosted its holdings in shares of iShares Bitcoin Trust ETF by 17.7% in the fourth quarter. Harvest Portfolios Group Inc. now owns 859,466 shares of the company’s stock valued at $42,672,000 after acquiring an additional 129,052 shares in the last quarter. Finally, MGO One Seven LLC increased its stake in shares of iShares Bitcoin Trust ETF by 16.2% during the fourth quarter. MGO One Seven LLC now owns 106,443 shares of the company’s stock worth $5,285,000 after acquiring an additional 14,839 shares during the period.

iShares Bitcoin Trust ETF Trading Down 2.4%

Shares of iShares Bitcoin Trust ETF stock opened at $45.23 on Friday. iShares Bitcoin Trust ETF has a 52-week low of $32.84 and a 52-week high of $71.82. The company’s 50-day simple moving average is $38.08 and its 200-day simple moving average is $39.44.

About iShares Bitcoin Trust ETF

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.