Capital Advisors Inc. OK Boosts Stake in iShares Bitcoin Trust ETF $IBIT

Capital Advisors Inc. OK lifted its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 176.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,897 shares of the company’s stock after purchasing an additional 15,893 shares during the period. Capital Advisors Inc. OK’s holdings in iShares Bitcoin Trust ETF were worth $1,524,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of IBIT. Brighton Jones LLC purchased a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter worth $711,000. Bison Wealth LLC purchased a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter worth $3,140,000. NBC Securities Inc. increased its stake in shares of iShares Bitcoin Trust ETF by 92,450.0% in the 1st quarter. NBC Securities Inc. now owns 1,851 shares of the company’s stock worth $86,000 after purchasing an additional 1,849 shares in the last quarter. Merit Financial Group LLC increased its stake in shares of iShares Bitcoin Trust ETF by 51.8% in the 1st quarter. Merit Financial Group LLC now owns 26,566 shares of the company’s stock worth $1,244,000 after purchasing an additional 9,066 shares in the last quarter. Finally, Princeton Global Asset Management LLC increased its stake in shares of iShares Bitcoin Trust ETF by 8.0% in the 1st quarter. Princeton Global Asset Management LLC now owns 5,203 shares of the company’s stock worth $244,000 after purchasing an additional 385 shares in the last quarter.

iShares Bitcoin Trust ETF Trading Up 1.5%

Shares of IBIT stock opened at $69.81 on Monday. iShares Bitcoin Trust ETF has a 52-week low of $33.47 and a 52-week high of $70.53. The stock has a fifty day simple moving average of $65.10 and a two-hundred day simple moving average of $59.91.

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.