iShares Bitcoin Trust ETF $IBIT Shares Acquired by Element Pointe Advisors LLC

Element Pointe Advisors LLC lifted its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 33.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,132 shares of the company’s stock after purchasing an additional 21,929 shares during the period. iShares Bitcoin Trust ETF comprises 0.6% of Element Pointe Advisors LLC’s investment portfolio, making the stock its 19th biggest position. Element Pointe Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $3,386,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of IBIT. Brighton Jones LLC acquired a new stake in iShares Bitcoin Trust ETF in the 4th quarter worth about $711,000. Bison Wealth LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at approximately $3,140,000. Royal Bank of Canada raised its holdings in shares of iShares Bitcoin Trust ETF by 3.6% during the first quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock valued at $2,898,000 after acquiring an additional 2,148 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of iShares Bitcoin Trust ETF by 427.2% in the first quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock valued at $102,000 after acquiring an additional 1,760 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the second quarter valued at approximately $357,000.

iShares Bitcoin Trust ETF Stock Up 1.5%

Shares of NASDAQ:IBIT opened at $36.89 on Tuesday. The business’s 50 day moving average price is $38.05 and its 200-day moving average price is $41.45. iShares Bitcoin Trust ETF has a 1 year low of $32.84 and a 1 year high of $71.82.

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.