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

U.S. Capital Wealth Advisors LLC lifted its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 304.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 35,181 shares of the company’s stock after purchasing 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 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 purchased a new stake in shares of iShares Bitcoin Trust in the 4th quarter worth about $25,000. City Holding Co. lifted its position in 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 acquiring an additional 238 shares during the period. PSI Advisors LLC purchased a new position in iShares Bitcoin Trust during the 4th quarter valued at about $30,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in iShares Bitcoin Trust during the 4th quarter valued at about $39,000. Finally, New Wave Wealth Advisors LLC purchased a new position in iShares Bitcoin Trust during the 4th quarter valued at about $43,000.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ IBIT opened at $57.58 on Tuesday. iShares Bitcoin Trust has a 1 year low of $24.13 and a 1 year high of $61.75. The firm has a 50-day moving average of $56.19 and a 200 day moving average of $44.27.

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.