318,475 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Bought by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC acquired a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 318,475 shares of the company’s stock, valued at approximately $11,507,000.

A number of other hedge funds also recently made changes to their positions in IBIT. Glass Jacobson Investment Advisors llc bought a new position in shares of iShares Bitcoin Trust during the 2nd quarter worth $26,000. Asset Dedication LLC raised its stake in shares of iShares Bitcoin Trust by 52.4% during the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after purchasing an additional 279 shares during the period. International Assets Investment Management LLC purchased a new stake in iShares Bitcoin Trust during the 2nd quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in iShares Bitcoin Trust in the 2nd quarter worth about $36,000. Finally, Hantz Financial Services Inc. purchased a new stake in shares of iShares Bitcoin Trust in the second quarter worth about $36,000.

iShares Bitcoin Trust Stock Up 6.4 %

Shares of NASDAQ:IBIT opened at $55.03 on Friday. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $56.86. The company has a 50 day moving average of $42.07 and a 200 day moving average of $37.94.

iShares Bitcoin Trust 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.