Valeo Financial Advisors LLC Buys 23,647 Shares of iShares Bitcoin Trust ETF $IBIT

Valeo Financial Advisors LLC raised its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 57.9% in the second quarter, Holdings Channel reports. The firm owned 64,499 shares of the company’s stock after acquiring an additional 23,647 shares during the quarter. Valeo Financial Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $3,948,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in IBIT. Capula Management Ltd increased its holdings in iShares Bitcoin Trust ETF by 22.5% during the second quarter. Capula Management Ltd now owns 9,481,233 shares of the company’s stock worth $580,346,000 after buying an additional 1,739,073 shares during the last quarter. Mubadala Investment Co PJSC raised its holdings in shares of 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 purchasing an additional 491,439 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the 2nd quarter valued at about $408,082,000. Sculptor Capital LP lifted its stake in iShares Bitcoin Trust ETF by 59.5% in the 2nd quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock valued at $274,664,000 after purchasing an additional 1,673,788 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in iShares Bitcoin Trust ETF by 1,119.9% during the second quarter. JPMorgan Chase & Co. now owns 3,217,056 shares of the company’s stock worth $196,916,000 after purchasing an additional 2,953,342 shares during the period.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ IBIT opened at $51.20 on Monday. iShares Bitcoin Trust ETF has a twelve month low of $42.98 and a twelve month high of $71.82. The business’s 50 day moving average price is $57.78 and its two-hundred day moving average price is $61.72.

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.