Caprock Group LLC Purchases New Holdings in iShares Bitcoin Trust ETF $IBIT

Caprock Group LLC acquired a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the third quarter, Holdings Channel reports. The fund acquired 25,000 shares of the company’s stock, valued at approximately $1,536,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Evermay Wealth Management LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 15.8% during the second quarter. Evermay Wealth Management LLC now owns 1,100 shares of the company’s stock worth $67,000 after purchasing an additional 150 shares during the period. McIlrath & Eck LLC raised its position in iShares Bitcoin Trust ETF by 30.3% during the 2nd quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock worth $43,000 after buying an additional 163 shares during the last quarter. Vivaldi Capital Management LP lifted its stake in shares of iShares Bitcoin Trust ETF by 3.3% in the 2nd quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock worth $314,000 after acquiring an additional 163 shares during the period. Howard Capital Management Group LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 0.6% in the third quarter. Howard Capital Management Group LLC now owns 25,690 shares of the company’s stock valued at $1,670,000 after acquiring an additional 165 shares in the last quarter. Finally, Encompass Wealth Advisors LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 2.2% in the third quarter. Encompass Wealth Advisors LLC now owns 7,660 shares of the company’s stock valued at $498,000 after acquiring an additional 165 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

NASDAQ IBIT opened at $38.97 on Friday. iShares Bitcoin Trust ETF has a 52-week low of $35.30 and a 52-week high of $71.82. The firm has a 50-day moving average price of $48.67 and a 200 day moving average price of $57.29.

iShares Bitcoin Trust ETF 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.