Sage Mountain Advisors LLC Grows Stock Holdings in iShares Bitcoin Trust ETF $IBIT

Sage Mountain Advisors LLC increased its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 153.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,510 shares of the company’s stock after purchasing an additional 20,269 shares during the quarter. Sage Mountain Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,178,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in IBIT. Evermay Wealth Management LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 15.8% in the 2nd quarter. Evermay Wealth Management LLC now owns 1,100 shares of the company’s stock worth $67,000 after buying an additional 150 shares during the last quarter. McIlrath & Eck LLC increased its position in iShares Bitcoin Trust ETF by 30.3% during 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 last quarter. Vivaldi Capital Management LP lifted its holdings in iShares Bitcoin Trust ETF by 3.3% in the second quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock valued at $314,000 after acquiring an additional 163 shares during the period. Howard Capital Management Group LLC boosted its position in iShares Bitcoin Trust ETF by 0.6% in the third 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. Finally, Encompass Wealth Advisors LLC boosted its position in iShares Bitcoin Trust ETF by 2.2% in the third 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 last quarter.

iShares Bitcoin Trust ETF Stock Down 4.8%

NASDAQ IBIT opened at $51.62 on Tuesday. iShares Bitcoin Trust ETF has a 52 week low of $42.98 and a 52 week high of $71.82. The company has a 50-day moving average price of $51.47 and a 200-day moving average price of $60.02.

iShares Bitcoin Trust ETF 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.