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

Brookstone Capital Management bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 173,386 shares of the company’s stock, valued at approximately $7,017,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Traynor Capital Management Inc. acquired a new position in iShares Bitcoin Trust in the 1st quarter valued at about $3,666,000. Kingswood Wealth Advisors LLC acquired a new position in iShares Bitcoin Trust in the 1st quarter valued at about $3,983,000. Salem Investment Counselors Inc. acquired a new position in iShares Bitcoin Trust in the 1st quarter valued at about $41,000. Signal Advisors Wealth LLC acquired a new position in iShares Bitcoin Trust in the 1st quarter valued at about $832,000. Finally, LexAurum Advisors LLC acquired a new position in iShares Bitcoin Trust in the 1st quarter valued at about $485,000.

iShares Bitcoin Trust Trading Up 0.8 %

NASDAQ:IBIT opened at $34.98 on Friday. The company has a 50-day moving average price of $37.23. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $41.99.

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.