Element Pointe Advisors LLC Boosts Stake in iShares Bitcoin Trust ETF $IBIT

Element Pointe Advisors LLC lifted its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 33.1% during the 1st quarter, HoldingsChannel.com reports. 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 makes up approximately 0.6% of Element Pointe Advisors LLC’s holdings, making the stock its 19th largest holding. Element Pointe Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $3,386,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBIT. Marshall & Sterling Wealth Advisors Inc. raised its holdings in iShares Bitcoin Trust ETF by 12,500.0% in the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock valued at $25,000 after acquiring an additional 500 shares during the last quarter. Key Capital Management INC purchased a new position in iShares Bitcoin Trust ETF in the 4th quarter worth approximately $26,000. Vermillion & White Wealth Management Group LLC lifted its stake in iShares Bitcoin Trust ETF by 637.5% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock worth $26,000 after purchasing an additional 459 shares in the last quarter. Sfam LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter worth approximately $26,000. Finally, Semmax Financial Advisors Inc. boosted its holdings in shares of iShares Bitcoin Trust ETF by 135.9% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after purchasing an additional 284 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

IBIT stock opened at $36.89 on Tuesday. iShares Bitcoin Trust ETF has a 1 year low of $32.84 and a 1 year high of $71.82. The business has a 50 day simple moving average of $38.05 and a 200-day simple moving average of $41.45.

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.