Oliver Lagore Vanvalin Investment Group Acquires 109,296 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Oliver Lagore Vanvalin Investment Group increased its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 5,464.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 111,296 shares of the company’s stock after purchasing an additional 109,296 shares during the period. iShares Bitcoin Trust accounts for approximately 1.1% of Oliver Lagore Vanvalin Investment Group’s investment portfolio, making the stock its 19th biggest holding. Oliver Lagore Vanvalin Investment Group’s holdings in iShares Bitcoin Trust were worth $3,800,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. FinTrust Capital Advisors LLC acquired a new position in iShares Bitcoin Trust in the first quarter valued at $26,000. Glass Jacobson Investment Advisors llc acquired a new position in iShares Bitcoin Trust in the second quarter valued at $26,000. Sound Income Strategies LLC acquired a new position in iShares Bitcoin Trust in the first quarter valued at $30,000. Creekmur Asset Management LLC acquired a new position in iShares Bitcoin Trust in the first quarter valued at $30,000. Finally, International Assets Investment Management LLC acquired a new position in iShares Bitcoin Trust in the second quarter valued at $31,000.

iShares Bitcoin Trust Stock Performance

IBIT stock opened at $37.39 on Friday. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $41.99. The company’s fifty day simple moving average is $34.69 and its 200 day simple moving average is $36.35.

iShares Bitcoin Trust 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.