jvl associates llc Invests $487,000 in iShares Bitcoin Trust ETF (NASDAQ:IBIT)

jvl associates llc purchased a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,400 shares of the company’s stock, valued at approximately $487,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IBIT. Vision Financial Markets LLC purchased a new stake in iShares Bitcoin Trust ETF in the 4th quarter valued at $25,000. Stephens Consulting LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 62.8% during the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after purchasing an additional 189 shares during the period. Crewe Advisors LLC increased its position in shares of iShares Bitcoin Trust ETF by 151.0% during the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after purchasing an additional 302 shares during the last quarter. Beacon Capital Management LLC purchased a new stake in iShares Bitcoin Trust ETF in the 4th quarter valued at about $28,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in iShares Bitcoin Trust ETF in the fourth quarter valued at about $28,000.

iShares Bitcoin Trust ETF Stock Down 2.7%

Shares of IBIT stock opened at $60.79 on Thursday. iShares Bitcoin Trust ETF has a 1-year low of $28.23 and a 1-year high of $63.70. The company has a 50-day moving average of $52.87 and a two-hundred day moving average of $53.61.

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.