Elevate Capital Advisors LLC Purchases Shares of 32,025 iShares Bitcoin Trust (NASDAQ:IBIT)

Elevate Capital Advisors LLC acquired a new position in iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 32,025 shares of the company’s stock, valued at approximately $1,699,000. iShares Bitcoin Trust makes up 1.5% of Elevate Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest holding.

Several other institutional investors have also recently modified their holdings of IBIT. Union Savings Bank purchased a new stake in iShares Bitcoin Trust in the fourth quarter worth approximately $25,000. City Holding Co. lifted its holdings 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 worth $26,000 after acquiring an additional 238 shares during the last quarter. Stephens Consulting LLC boosted its stake in shares of iShares Bitcoin Trust by 62.8% in the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after purchasing an additional 189 shares in the last quarter. Crewe Advisors LLC grew its holdings in shares of iShares Bitcoin Trust by 151.0% during the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after purchasing an additional 302 shares during the last quarter. Finally, PSI Advisors LLC purchased a new position in iShares Bitcoin Trust in the 4th quarter worth $30,000.

iShares Bitcoin Trust Price Performance

iShares Bitcoin Trust stock opened at $54.47 on Monday. The firm has a fifty day simple moving average of $56.35 and a two-hundred day simple moving average of $44.86. iShares Bitcoin Trust has a twelve month low of $25.64 and a twelve 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.