EverSource Wealth Advisors LLC Has $861,000 Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

EverSource Wealth Advisors LLC raised its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 34.7% in the fourth quarter, Holdings Channel reports. The fund owned 16,239 shares of the company’s stock after acquiring an additional 4,186 shares during the period. EverSource Wealth Advisors LLC’s holdings in iShares Bitcoin Trust were worth $861,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IBIT. Vision Financial Markets LLC acquired a new position in shares of iShares Bitcoin Trust during the fourth quarter worth about $25,000. Union Savings Bank acquired a new position in shares of iShares Bitcoin Trust during the fourth quarter worth about $25,000. City Holding Co. boosted its position in shares of iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after buying an additional 238 shares during the period. Stephens Consulting LLC boosted its position in shares of iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after buying an additional 189 shares during the period. Finally, Crewe Advisors LLC boosted its position in shares of iShares Bitcoin Trust by 151.0% during the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after buying an additional 302 shares during the period.

iShares Bitcoin Trust Stock Down 3.5 %

IBIT stock opened at $45.52 on Friday. The business has a 50-day moving average of $54.18 and a 200-day moving average of $47.51. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75.

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.