CWA Asset Management Group LLC Acquires New Shares in iShares Bitcoin Trust (NASDAQ:IBIT)

CWA Asset Management Group LLC bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 90,681 shares of the company’s stock, valued at approximately $3,276,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IBIT. 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. Bfsg LLC raised its holdings in iShares Bitcoin Trust by 34.7% during the 2nd quarter. Bfsg LLC now owns 1,360 shares of the company’s stock worth $46,000 after buying an additional 350 shares during the period. Doliver Advisors LP lifted its stake in iShares Bitcoin Trust by 4.9% in the third quarter. Doliver Advisors LP now owns 7,558 shares of the company’s stock valued at $273,000 after buying an additional 350 shares in the last quarter. Summit Global Investments boosted its holdings in shares of iShares Bitcoin Trust by 3.3% in the third quarter. Summit Global Investments now owns 11,214 shares of the company’s stock valued at $405,000 after buying an additional 355 shares during the period. Finally, Cedar Mountain Advisors LLC increased its position in shares of iShares Bitcoin Trust by 39.1% during the second quarter. Cedar Mountain Advisors LLC now owns 1,362 shares of the company’s stock worth $46,000 after acquiring an additional 383 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ:IBIT opened at $43.69 on Friday. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $44.09. The company’s fifty day simple moving average is $36.55 and its 200 day simple moving average is $36.23.

iShares Bitcoin Trust Company 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.