Caprock Group LLC Buys New Stake in iShares Bitcoin Trust ETF $IBIT

Caprock Group LLC purchased a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 25,000 shares of the company’s stock, valued at approximately $1,536,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Evermay Wealth Management LLC increased its position 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 in the last quarter. McIlrath & Eck LLC grew its stake 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 iShares Bitcoin Trust ETF by 3.3% in the second quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock valued at $314,000 after buying an additional 163 shares during the last quarter. Howard Capital Management Group LLC lifted its stake in 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 buying an additional 165 shares during 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 during the period.

iShares Bitcoin Trust ETF Stock Performance

Shares of IBIT opened at $38.97 on Friday. The company’s 50 day simple moving average is $48.67 and its 200-day simple moving average is $57.29. iShares Bitcoin Trust ETF has a 12-month low of $35.30 and a 12-month high of $71.82.

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.