XP Advisory US Inc. Makes New $386,000 Investment in iShares Bitcoin Trust ETF $IBIT

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

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Arbor Wealth Management LLC AZ purchased a new position in shares of iShares Bitcoin Trust ETF in the 2nd quarter valued at about $1,190,000. Tenet Wealth Partners LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the second quarter valued at about $722,000. Markowski Investments purchased a new stake in iShares Bitcoin Trust ETF during the second quarter worth about $72,000. OceanIQ Capital LLC acquired a new position in iShares Bitcoin Trust ETF during the second quarter worth about $816,000. Finally, Highland Investment Advisors LLC purchased a new position in iShares Bitcoin Trust ETF in the second quarter valued at about $52,000.

iShares Bitcoin Trust ETF Trading Down 2.4%

IBIT stock opened at $45.23 on Friday. The firm has a 50 day moving average of $38.08 and a 200-day moving average of $39.44. iShares Bitcoin Trust ETF has a 12-month low of $32.84 and a 12-month high of $71.82.

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.