Kapstone Financial Advisors LLC Acquires New Stake in iShares Bitcoin Trust ETF $IBIT

Kapstone Financial Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 40,965 shares of the company’s stock, valued at approximately $2,034,000. iShares Bitcoin Trust ETF comprises about 1.0% of Kapstone Financial Advisors LLC’s investment portfolio, making the stock its 21st biggest holding.

Other large investors have also made changes to their positions in the company. Caprock Group LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the third quarter valued at $1,536,000. Kingstone Capital Partners Texas LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 50.6% during the third quarter. Kingstone Capital Partners Texas LLC now owns 64,924 shares of the company’s stock valued at $4,220,000 after acquiring an additional 21,815 shares during the last quarter. Investment House LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the third quarter valued at $800,000. Brighton Jones LLC purchased a new position in iShares Bitcoin Trust ETF during the fourth quarter worth about $711,000. Finally, Copperleaf Capital LLC lifted its position in iShares Bitcoin Trust ETF by 16.9% during the third quarter. Copperleaf Capital LLC now owns 536,552 shares of the company’s stock worth $34,876,000 after buying an additional 77,414 shares during the period.

iShares Bitcoin Trust ETF Trading Down 2.9%

NASDAQ IBIT opened at $44.82 on Friday. The business’s 50-day moving average price is $41.73 and its 200 day moving average price is $46.67. iShares Bitcoin Trust ETF has a twelve month low of $35.30 and a twelve month high of $71.82.

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.