Capital Wealth Alliance LLC Acquires 1,107 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

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

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IBIT. World Equity Group Inc. boosted its stake in shares of iShares Bitcoin Trust by 31.3% during the 3rd quarter. World Equity Group Inc. now owns 9,027 shares of the company’s stock worth $326,000 after acquiring an additional 2,151 shares during the last quarter. Solstein Capital LLC lifted its position in iShares Bitcoin Trust by 1.8% during the third quarter. Solstein Capital LLC now owns 32,363 shares of the company’s stock valued at $1,169,000 after purchasing an additional 568 shares in the last quarter. Lansing Street Advisors lifted its position in iShares Bitcoin Trust by 61.4% during the third quarter. Lansing Street Advisors now owns 13,150 shares of the company’s stock valued at $475,000 after purchasing an additional 5,003 shares in the last quarter. Fernwood Investment Management LLC grew its holdings in iShares Bitcoin Trust by 6.1% during the third quarter. Fernwood Investment Management LLC now owns 9,584 shares of the company’s stock valued at $346,000 after purchasing an additional 555 shares during the period. Finally, Cannon Global Investment Management LLC purchased a new stake in iShares Bitcoin Trust in the third quarter worth about $210,000.

iShares Bitcoin Trust Stock Down 0.7 %

Shares of IBIT stock traded down $0.29 during trading hours on Monday, reaching $39.08. 10,501,896 shares of the company traded hands, compared to its average volume of 30,816,861. The firm has a 50-day moving average price of $35.82 and a 200 day moving average price of $36.07. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $41.99.

About iShares Bitcoin Trust

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.