Nwam LLC Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Nwam LLC purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the 3rd quarter, Holdings Channel reports. The fund purchased 9,244 shares of the company’s stock, valued at approximately $334,000.

Several other hedge funds have also modified their holdings of IBIT. Creekmur Asset Management LLC acquired a new position in iShares Bitcoin Trust in the first quarter valued at $30,000. Glass Jacobson Investment Advisors llc acquired a new position in shares of iShares Bitcoin Trust in the second quarter worth about $26,000. Asset Dedication LLC lifted its stake in shares of iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after acquiring an additional 279 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of iShares Bitcoin Trust in the second quarter worth about $31,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of iShares Bitcoin Trust in the first quarter worth about $42,000.

iShares Bitcoin Trust Price Performance

Shares of iShares Bitcoin Trust stock opened at $56.49 on Monday. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $56.86. The business has a 50-day moving average price of $40.50 and a 200 day moving average price of $37.43.

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.