CWA Asset Management Group LLC Makes New Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

CWA Asset Management Group LLC acquired a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the third quarter, Holdings Channel reports. The institutional investor acquired 90,681 shares of the company’s stock, valued at approximately $3,276,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IBIT. IMC Chicago LLC bought a new position in iShares Bitcoin Trust in the third quarter valued at $323,337,000. Aristeia Capital L.L.C. boosted its stake in shares of iShares Bitcoin Trust by 47.2% during the 2nd quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock worth $202,806,000 after buying an additional 1,903,644 shares during the last quarter. Sculptor Capital LP grew its holdings in shares of iShares Bitcoin Trust by 188.1% in the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock valued at $115,831,000 after acquiring an additional 2,215,107 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of iShares Bitcoin Trust by 1,657.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock valued at $90,014,000 after acquiring an additional 2,486,608 shares during the last quarter. Finally, Bracebridge Capital LLC bought a new stake in iShares Bitcoin Trust during the first quarter worth about $100,639,000.

iShares Bitcoin Trust Stock Performance

IBIT stock opened at $43.69 on Friday. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $44.09. The business has a 50 day moving average price of $36.55 and a two-hundred day moving average price of $36.23.

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.