EverSource Wealth Advisors LLC Purchases 20,207 Shares of iShares Bitcoin Trust ETF $IBIT

EverSource Wealth Advisors LLC lifted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 32.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,732 shares of the company’s stock after buying an additional 20,207 shares during the period. EverSource Wealth Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $3,179,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in IBIT. Laurore Ltd acquired a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth about $436,239,000. Mubadala Investment Co PJSC increased its stake in iShares Bitcoin Trust ETF by 45.6% during the 4th quarter. Mubadala Investment Co PJSC now owns 12,702,323 shares of the company’s stock worth $630,670,000 after purchasing an additional 3,975,351 shares in the last quarter. Walleye Capital LLC increased its stake in iShares Bitcoin Trust ETF by 332.4% during the 1st quarter. Walleye Capital LLC now owns 4,317,555 shares of the company’s stock worth $165,880,000 after purchasing an additional 3,319,115 shares in the last quarter. Marshall Wace LLP raised its holdings in iShares Bitcoin Trust ETF by 229.8% during the 4th quarter. Marshall Wace LLP now owns 3,447,749 shares of the company’s stock worth $171,181,000 after buying an additional 2,402,259 shares during the period. Finally, Morgan Stanley lifted its stake in iShares Bitcoin Trust ETF by 21.5% in the fourth quarter. Morgan Stanley now owns 13,440,659 shares of the company’s stock valued at $667,329,000 after buying an additional 2,374,482 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

Shares of IBIT stock opened at $36.00 on Thursday. iShares Bitcoin Trust ETF has a 12-month low of $32.84 and a 12-month high of $71.82. The firm has a fifty day moving average of $36.93 and a 200-day moving average of $40.73.

About iShares Bitcoin Trust ETF

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.