Kingstone Capital Partners Texas LLC Takes Position in iShares Bitcoin Trust ETF $IBIT

Kingstone Capital Partners Texas LLC bought a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,225,212 shares of the company’s stock, valued at approximately $408,082,000.

Several other large investors also recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. increased its holdings in iShares Bitcoin Trust ETF by 10.8% in the 1st quarter. Osterweis Capital Management Inc. now owns 1,817 shares of the company’s stock worth $85,000 after acquiring an additional 177 shares during the last quarter. Philadelphia Trust Co. increased its holdings in iShares Bitcoin Trust ETF by 1.5% in the 1st quarter. Philadelphia Trust Co. now owns 11,891 shares of the company’s stock worth $557,000 after acquiring an additional 180 shares during the last quarter. GSG Advisors LLC increased its holdings in iShares Bitcoin Trust ETF by 2.4% in the 2nd quarter. GSG Advisors LLC now owns 7,576 shares of the company’s stock worth $464,000 after acquiring an additional 180 shares during the last quarter. Leavell Investment Management Inc. increased its holdings in iShares Bitcoin Trust ETF by 3.3% in the 1st quarter. Leavell Investment Management Inc. now owns 6,200 shares of the company’s stock worth $290,000 after acquiring an additional 199 shares during the last quarter. Finally, Barrett & Company Inc. increased its holdings in iShares Bitcoin Trust ETF by 7.3% in the 1st quarter. Barrett & Company Inc. now owns 2,955 shares of the company’s stock worth $138,000 after acquiring an additional 200 shares during the last quarter.

iShares Bitcoin Trust ETF Price Performance

Shares of IBIT opened at $66.75 on Friday. The business has a 50-day moving average of $65.56 and a 200 day moving average of $58.45. iShares Bitcoin Trust ETF has a fifty-two week low of $33.47 and a fifty-two week high of $69.89.

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.