Capital Wealth Alliance LLC Grows Position in iShares Bitcoin Trust ETF $IBIT

Capital Wealth Alliance LLC boosted its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 42.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,278 shares of the company’s stock after purchasing an additional 18,679 shares during the period. iShares Bitcoin Trust ETF makes up approximately 2.0% of Capital Wealth Alliance LLC’s portfolio, making the stock its 15th biggest holding. Capital Wealth Alliance LLC’s holdings in iShares Bitcoin Trust ETF were worth $3,812,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in IBIT. Nemes Rush Group LLC boosted its holdings in iShares Bitcoin Trust ETF by 13.1% in the first quarter. Nemes Rush Group LLC now owns 2,582 shares of the company’s stock valued at $121,000 after acquiring an additional 300 shares during the last quarter. Galvin Gaustad & Stein LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 158.1% in the 1st quarter. Galvin Gaustad & Stein LLC now owns 12,080 shares of the company’s stock worth $565,000 after purchasing an additional 7,400 shares during the period. Brio Consultants LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the 1st quarter valued at about $5,308,000. Mather Group LLC. grew its holdings in shares of iShares Bitcoin Trust ETF by 164.2% during the 1st quarter. Mather Group LLC. now owns 605 shares of the company’s stock worth $28,000 after purchasing an additional 376 shares during the period. Finally, Brighton Jones LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter worth about $711,000.

iShares Bitcoin Trust ETF Stock Performance

NASDAQ IBIT opened at $61.21 on Thursday. iShares Bitcoin Trust ETF has a one year low of $37.09 and a one year high of $71.82. The company’s 50 day moving average price is $64.77 and its 200 day moving average price is $61.25.

iShares Bitcoin Trust ETF 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.