Capital Wealth Alliance LLC Makes New Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Capital Wealth Alliance LLC purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,113 shares of the company’s stock, valued at approximately $345,000.

Several other large investors have also recently made changes to their positions in IBIT. FinTrust Capital Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust during the first quarter worth $26,000. Creekmur Asset Management LLC purchased a new stake in iShares Bitcoin Trust in the 1st quarter worth approximately $30,000. Sound Income Strategies LLC bought a new position in iShares Bitcoin Trust in the 1st quarter valued at $30,000. Hazlett Burt & Watson Inc. purchased a new position in shares of iShares Bitcoin Trust during the 1st quarter valued at $40,000. Finally, Bfsg LLC purchased a new position in iShares Bitcoin Trust during the first quarter worth about $41,000.

iShares Bitcoin Trust Trading Up 5.6 %

IBIT traded up $1.93 on Friday, reaching $36.28. The company had a trading volume of 51,328,563 shares, compared to its average volume of 31,312,410. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $41.99. The business has a 50 day simple moving average of $35.15 and a 200 day simple moving average of $35.84.

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.