CWA Asset Management Group LLC Raises Position in iShares Bitcoin Trust (NASDAQ:IBIT)

CWA Asset Management Group LLC increased its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 17.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 106,184 shares of the company’s stock after purchasing an additional 15,503 shares during the period. CWA Asset Management Group LLC’s holdings in iShares Bitcoin Trust were worth $5,633,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Asset Dedication LLC lifted its stake in shares of iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after purchasing an additional 279 shares in the last quarter. Glass Jacobson Investment Advisors llc boosted its holdings in iShares Bitcoin Trust by 40.2% in the third quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock valued at $38,000 after purchasing an additional 304 shares during the last quarter. Doliver Advisors LP grew its position in shares of iShares Bitcoin Trust by 4.9% during the third quarter. Doliver Advisors LP now owns 7,558 shares of the company’s stock worth $273,000 after buying an additional 350 shares in the last quarter. Summit Global Investments raised its stake in shares of iShares Bitcoin Trust by 3.3% in the 3rd quarter. Summit Global Investments now owns 11,214 shares of the company’s stock valued at $405,000 after purchasing an additional 355 shares in the last quarter. Finally, Mirador Capital Partners LP raised its stake in iShares Bitcoin Trust by 4.0% during the third quarter. Mirador Capital Partners LP now owns 10,057 shares of the company’s stock valued at $363,000 after buying an additional 384 shares in the last quarter.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ:IBIT traded up $2.19 during trading on Monday, reaching $58.15. 22,087,440 shares of the company’s stock traded hands, compared to its average volume of 31,276,016. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $61.75. The company has a 50 day moving average of $51.97 and a 200-day moving average of $41.05.

iShares Bitcoin Trust 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.