Texas Capital Bank Wealth Management Services Inc Acquires 2,011,070 Shares of iShares Bitcoin Trust ETF $IBIT

Texas Capital Bank Wealth Management Services Inc grew its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 9,320.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,032,648 shares of the company’s stock after purchasing an additional 2,011,070 shares during the period. iShares Bitcoin Trust ETF makes up 5.8% of Texas Capital Bank Wealth Management Services Inc’s investment portfolio, making the stock its 3rd largest position. Texas Capital Bank Wealth Management Services Inc owned 0.15% of iShares Bitcoin Trust ETF worth $100,921,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Coordinated Financial Services Inc. lifted its stake in shares of iShares Bitcoin Trust ETF by 5.3% in the 4th quarter. Coordinated Financial Services Inc. now owns 10,455 shares of the company’s stock valued at $519,000 after purchasing an additional 525 shares during the last quarter. Melia Wealth LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at $256,000. Steel Grove Capital Advisors LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at $22,521,000. Malaga Cove Capital LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 5.8% in the 4th quarter. Malaga Cove Capital LLC now owns 5,107 shares of the company’s stock valued at $254,000 after purchasing an additional 282 shares during the last quarter. Finally, Integrity Alliance LLC. lifted its stake in shares of iShares Bitcoin Trust ETF by 46.4% in the 4th quarter. Integrity Alliance LLC. now owns 36,185 shares of the company’s stock valued at $1,797,000 after purchasing an additional 11,473 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Down 1.3%

Shares of iShares Bitcoin Trust ETF stock opened at $42.45 on Thursday. iShares Bitcoin Trust ETF has a 52 week low of $35.30 and a 52 week high of $71.82. The business’s fifty day simple moving average is $42.25 and its 200-day simple moving average is $45.57.

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.