Capital Wealth Alliance LLC Has $2.54 Million Stock Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Capital Wealth Alliance LLC grew its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 325.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 47,779 shares of the company’s stock after purchasing an additional 36,559 shares during the period. iShares Bitcoin Trust accounts for 1.4% of Capital Wealth Alliance LLC’s investment portfolio, making the stock its 17th biggest holding. Capital Wealth Alliance LLC’s holdings in iShares Bitcoin Trust were worth $2,535,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Union Savings Bank bought a new position in shares of iShares Bitcoin Trust during the fourth quarter worth $25,000. City Holding Co. lifted its holdings in iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after acquiring an additional 238 shares in the last quarter. Stephens Consulting LLC lifted its holdings in iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after acquiring an additional 189 shares in the last quarter. Crewe Advisors LLC increased its holdings in shares of iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after acquiring an additional 302 shares in the last quarter. Finally, Asset Dedication LLC raised its position in shares of iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares during the period.

iShares Bitcoin Trust Stock Performance

Shares of IBIT stock opened at $55.38 on Tuesday. iShares Bitcoin Trust has a 52 week low of $27.51 and a 52 week high of $61.75. The company’s 50 day moving average price is $56.35 and its two-hundred day moving average price is $44.91.

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.