EverSource Wealth Advisors LLC Has $3.41 Million Stock Holdings in iShares Bitcoin Trust ETF $IBIT

EverSource Wealth Advisors LLC boosted its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 111.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,434 shares of the company’s stock after purchasing an additional 27,595 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $3,408,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in IBIT. McIlrath & Eck LLC boosted its position in shares of iShares Bitcoin Trust ETF by 30.3% in the second quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock valued at $43,000 after acquiring an additional 163 shares during the period. Vivaldi Capital Management LP boosted its holdings in iShares Bitcoin Trust ETF by 3.3% in the 2nd quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock valued at $314,000 after purchasing an additional 163 shares during the period. Howard Capital Management Group LLC grew its position in iShares Bitcoin Trust ETF by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 25,690 shares of the company’s stock worth $1,670,000 after purchasing an additional 165 shares during the last quarter. Encompass Wealth Advisors LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 2.2% during the 3rd quarter. Encompass Wealth Advisors LLC now owns 7,660 shares of the company’s stock worth $498,000 after purchasing an additional 165 shares during the period. Finally, Global Wealth Strategies & Associates increased its holdings in shares of iShares Bitcoin Trust ETF by 8.3% during the 3rd quarter. Global Wealth Strategies & Associates now owns 2,266 shares of the company’s stock worth $147,000 after purchasing an additional 173 shares during the period.

iShares Bitcoin Trust ETF Trading Down 0.1%

NASDAQ IBIT opened at $36.53 on Wednesday. The firm has a 50-day simple moving average of $46.79 and a 200 day simple moving average of $55.79. iShares Bitcoin Trust ETF has a twelve month low of $35.30 and a twelve month high of $71.82.

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.