Valeo Financial Advisors LLC Purchases 22,447 Shares of iShares Bitcoin Trust ETF $IBIT

Valeo Financial Advisors LLC boosted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 54.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 63,299 shares of the company’s stock after acquiring an additional 22,447 shares during the period. Valeo Financial Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $3,875,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in iShares Bitcoin Trust ETF by 80.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 30,831,854 shares of the company’s stock valued at $1,443,239,000 after acquiring an additional 13,731,993 shares during the period. Mubadala Investment Co PJSC raised its stake in iShares Bitcoin Trust ETF by 6.0% in the 1st quarter. Mubadala Investment Co PJSC now owns 8,726,972 shares of the company’s stock valued at $408,510,000 after acquiring an additional 491,439 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in iShares Bitcoin Trust ETF in the 2nd quarter valued at about $408,082,000. Crcm LP raised its stake in iShares Bitcoin Trust ETF by 4.7% in the 1st quarter. Crcm LP now owns 3,154,810 shares of the company’s stock valued at $147,677,000 after acquiring an additional 142,685 shares during the period. Finally, BSN CAPITAL PARTNERS Ltd bought a new stake in iShares Bitcoin Trust ETF in the 1st quarter valued at about $133,168,000.

iShares Bitcoin Trust ETF Stock Performance

Shares of iShares Bitcoin Trust ETF stock opened at $71.29 on Tuesday. iShares Bitcoin Trust ETF has a 52-week low of $33.47 and a 52-week high of $71.82. The stock’s 50-day simple moving average is $65.18 and its 200 day simple moving average is $60.07.

iShares Bitcoin Trust ETF 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.