Valeo Financial Advisors LLC Invests $1.17 Million in iShares Bitcoin Trust (NASDAQ:IBIT)

Valeo Financial Advisors LLC acquired a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 22,103 shares of the company’s stock, valued at approximately $1,173,000.

A number of other large investors have also recently bought and sold shares of IBIT. Union Savings Bank bought a new position in iShares Bitcoin Trust during the fourth quarter valued at about $25,000. City Holding Co. raised its stake in shares of iShares Bitcoin Trust by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after acquiring an additional 238 shares in the last quarter. Stephens Consulting LLC lifted its holdings in iShares Bitcoin Trust by 62.8% in 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 last quarter. Crewe Advisors LLC lifted its holdings in iShares Bitcoin Trust by 151.0% in 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. Finally, PSI Advisors LLC bought a new stake in iShares Bitcoin Trust during the fourth quarter worth approximately $30,000.

iShares Bitcoin Trust Price Performance

NASDAQ:IBIT opened at $55.33 on Friday. The company’s 50 day moving average is $56.25 and its 200-day moving average is $45.46. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75.

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.