iShares Bitcoin Trust ETF $IBIT Stock Position Raised by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc lifted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 9,320.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,032,648 shares of the company’s stock after buying an additional 2,011,070 shares during the quarter. 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 holding. Texas Capital Bank Wealth Management Services Inc’s holdings in iShares Bitcoin Trust ETF were worth $100,921,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. McIlrath & Eck LLC increased its holdings 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 purchasing an additional 163 shares during the period. Vivaldi Capital Management LP increased its holdings in iShares Bitcoin Trust ETF by 3.3% during the 2nd quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock worth $314,000 after purchasing an additional 163 shares during the period. Thoroughbred Financial Services LLC increased its holdings in iShares Bitcoin Trust ETF by 3.3% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 5,323 shares of the company’s stock worth $345,000 after purchasing an additional 172 shares during the period. Consolidated Portfolio Review Corp increased its holdings in iShares Bitcoin Trust ETF by 2.3% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 7,851 shares of the company’s stock worth $510,000 after purchasing an additional 174 shares during the period. Finally, Fusion Capital LLC increased its holdings in iShares Bitcoin Trust ETF by 3.7% during the 3rd quarter. Fusion Capital LLC now owns 4,993 shares of the company’s stock worth $311,000 after purchasing an additional 178 shares during the period.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ IBIT opened at $42.45 on Thursday. The stock’s 50-day moving average is $42.25 and its two-hundred day moving average is $45.57. iShares Bitcoin Trust ETF has a 1-year low of $35.30 and a 1-year 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.