Capital Wealth Alliance LLC Raises Stock Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Capital Wealth Alliance LLC grew its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 10.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,220 shares of the company’s stock after acquiring an additional 1,107 shares during the period. Capital Wealth Alliance LLC’s holdings in iShares Bitcoin Trust were worth $405,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. FinTrust Capital Advisors LLC bought a new position in iShares Bitcoin Trust in the 1st quarter worth approximately $26,000. Creekmur Asset Management LLC purchased a new position in iShares Bitcoin Trust during the first quarter valued at $30,000. Glass Jacobson Investment Advisors llc purchased a new position in iShares Bitcoin Trust during the second quarter valued at $26,000. Asset Dedication LLC lifted its stake in iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of iShares Bitcoin Trust during the 2nd quarter valued at about $31,000.

iShares Bitcoin Trust Trading Down 0.7 %

Shares of iShares Bitcoin Trust stock traded down $0.29 during trading on Monday, reaching $39.08. 10,501,896 shares of the stock traded hands, compared to its average volume of 30,816,861. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $41.99. The business has a fifty day simple moving average of $35.82 and a two-hundred day simple moving average of $36.07.

iShares Bitcoin Trust 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.