U.S. Capital Wealth Advisors LLC Raises Stock Position in iShares Bitcoin Trust ETF $IBIT

U.S. Capital Wealth Advisors LLC grew its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 89.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,541 shares of the company’s stock after buying an additional 13,909 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,920,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signature Resources Capital Management LLC increased its stake in iShares Bitcoin Trust ETF by 81.6% during the second quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock worth $27,000 after acquiring an additional 200 shares during the last quarter. RMG Wealth Management LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the 2nd quarter worth $30,000. JFS Wealth Advisors LLC increased its position in shares of iShares Bitcoin Trust ETF by 1,277.1% during the 2nd quarter. JFS Wealth Advisors LLC now owns 482 shares of the company’s stock worth $30,000 after purchasing an additional 447 shares during the last quarter. Semmax Financial Advisors Inc. raised its holdings in iShares Bitcoin Trust ETF by 135.9% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock valued at $33,000 after buying an additional 284 shares during the period. Finally, WFA of San Diego LLC purchased a new stake in iShares Bitcoin Trust ETF in the 2nd quarter valued at about $34,000.

iShares Bitcoin Trust ETF Stock Up 3.9%

Shares of IBIT stock opened at $49.85 on Monday. iShares Bitcoin Trust ETF has a 1-year low of $42.98 and a 1-year high of $71.82. The company has a 50-day moving average of $55.77 and a two-hundred day moving average of $61.34.

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.