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

Capital Wealth Alliance LLC grew its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 42.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,278 shares of the company’s stock after acquiring an additional 18,679 shares during the quarter. iShares Bitcoin Trust ETF comprises 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 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at approximately $711,000. Bison Wealth LLC purchased a new stake in iShares Bitcoin Trust ETF in the 4th quarter worth approximately $3,140,000. Flagship Harbor Advisors LLC grew its stake in iShares Bitcoin Trust ETF by 32.4% in the 1st quarter. Flagship Harbor Advisors LLC now owns 9,521 shares of the company’s stock worth $446,000 after acquiring an additional 2,331 shares during the period. Consolidated Portfolio Review Corp raised its holdings in iShares Bitcoin Trust ETF by 49.5% in the 1st quarter. Consolidated Portfolio Review Corp now owns 9,677 shares of the company’s stock valued at $453,000 after acquiring an additional 3,205 shares during the last quarter. Finally, Embree Financial Group lifted its stake in shares of iShares Bitcoin Trust ETF by 15.4% during the 1st quarter. Embree Financial Group now owns 6,053 shares of the company’s stock worth $283,000 after purchasing an additional 809 shares during the period.

iShares Bitcoin Trust ETF Stock Performance

IBIT stock opened at $61.21 on Thursday. iShares Bitcoin Trust ETF has a 52-week low of $37.09 and a 52-week high of $71.82. The stock’s fifty day simple moving average is $64.77 and its 200-day simple moving average is $61.25.

About iShares Bitcoin Trust ETF

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.