Steel Grove Capital Advisors LLC Makes New $22.52 Million Investment in iShares Bitcoin Trust ETF $IBIT

Steel Grove Capital Advisors LLC purchased a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 453,590 shares of the company’s stock, valued at approximately $22,521,000. iShares Bitcoin Trust ETF accounts for about 2.3% of Steel Grove Capital Advisors LLC’s investment portfolio, making the stock its 8th largest position.

Other large investors have also bought and sold shares of the company. Laurore Ltd bought a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter worth approximately $436,239,000. 59 North Capital Management LP bought a new stake in shares of iShares Bitcoin Trust ETF in the 3rd quarter worth approximately $169,100,000. Consolidated Portfolio Review Corp grew its position in shares of iShares Bitcoin Trust ETF by 27,185.5% in the 4th quarter. Consolidated Portfolio Review Corp now owns 2,142,185 shares of the company’s stock worth $106,359,000 after buying an additional 2,134,334 shares during the last quarter. Sculptor Capital LP grew its position in shares of 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 worth $274,664,000 after buying an additional 1,673,788 shares during the last quarter. Finally, Mariner Investment Group LLC grew its position in shares of iShares Bitcoin Trust ETF by 142.3% in the 3rd quarter. Mariner Investment Group LLC now owns 2,015,094 shares of the company’s stock worth $130,981,000 after buying an additional 1,183,414 shares during the last quarter.

iShares Bitcoin Trust ETF Trading Up 0.1%

Shares of IBIT stock opened at $42.99 on Wednesday. iShares Bitcoin Trust ETF has a fifty-two week low of $35.30 and a fifty-two week high of $71.82. The business’s 50 day moving average price is $42.24 and its 200-day moving average price is $45.68.

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.