U.S. Capital Wealth Advisors LLC Buys 26,475 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

U.S. Capital Wealth Advisors LLC grew its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 304.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,181 shares of the company’s stock after acquiring an additional 26,475 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in iShares Bitcoin Trust were worth $1,866,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IBIT. Union Savings Bank bought a new position in shares of iShares Bitcoin Trust during the 4th quarter valued at approximately $25,000. City Holding Co. lifted its stake in shares of iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after buying an additional 238 shares in the last quarter. Asset Dedication LLC lifted its stake in shares of iShares Bitcoin Trust by 52.4% during the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after buying an additional 279 shares in the last quarter. PSI Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust during the 4th quarter valued at approximately $30,000. Finally, Glass Jacobson Investment Advisors llc lifted its stake in shares of iShares Bitcoin Trust by 40.2% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock valued at $38,000 after buying an additional 304 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

Shares of IBIT stock opened at $57.58 on Tuesday. The firm’s 50 day moving average is $56.19 and its 200 day moving average is $44.27. iShares Bitcoin Trust has a 12 month low of $24.13 and a 12 month high of $61.75.

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.