Cowa LLC Purchases New Position in iShares Bitcoin Trust ETF $IBIT

Cowa LLC acquired a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 71,131 shares of the company’s stock, valued at approximately $3,367,000. iShares Bitcoin Trust ETF makes up approximately 0.8% of Cowa LLC’s investment portfolio, making the stock its 28th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in the stock. Allied Private Wealth LLC bought a new stake in shares of iShares Bitcoin Trust ETF during the second quarter worth $28,000. William Mack & Associates Inc. acquired a new position in shares of iShares Bitcoin Trust ETF during the third quarter worth $33,000. Centerpoint Advisors LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the second quarter worth $34,000. Commonwealth Retirement Investments LLC bought a new position in shares of iShares Bitcoin Trust ETF in the 2nd quarter valued at $35,000. Finally, Horizons Wealth Management bought a new position in shares of iShares Bitcoin Trust ETF in the 3rd quarter valued at $37,000.

iShares Bitcoin Trust ETF Price Performance

NASDAQ IBIT opened at $45.33 on Thursday. iShares Bitcoin Trust ETF has a twelve month low of $32.84 and a twelve month high of $60.36. The business’s fifty day moving average is $45.88 and its 200 day moving average is $41.44.

iShares Bitcoin Trust ETF 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.