Sage Mountain Advisors LLC Acquires 20,269 Shares of iShares Bitcoin Trust ETF $IBIT

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

A number of other institutional investors also recently bought and sold shares of IBIT. Evermay Wealth Management LLC increased its position in iShares Bitcoin Trust ETF by 15.8% in the second quarter. Evermay Wealth Management LLC now owns 1,100 shares of the company’s stock worth $67,000 after buying an additional 150 shares in the last quarter. McIlrath & Eck LLC lifted its position in shares of iShares Bitcoin Trust ETF by 30.3% during the 2nd quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock valued at $43,000 after buying an additional 163 shares in the last quarter. Vivaldi Capital Management LP grew its stake in shares of iShares Bitcoin Trust ETF by 3.3% during the 2nd 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 increased its holdings 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 acquiring an additional 165 shares in the last quarter. Finally, Encompass Wealth Advisors LLC increased its holdings in iShares Bitcoin Trust ETF by 2.2% in the 3rd quarter. Encompass Wealth Advisors LLC now owns 7,660 shares of the company’s stock worth $498,000 after acquiring an additional 165 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

NASDAQ IBIT opened at $51.62 on Tuesday. iShares Bitcoin Trust ETF has a 12 month low of $42.98 and a 12 month high of $71.82. The company’s 50 day moving average is $51.47 and its two-hundred day moving average is $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.