Sequoia Financial Advisors LLC Increases Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Sequoia Financial Advisors LLC raised its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 46.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,024 shares of the company’s stock after purchasing an additional 9,902 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares Bitcoin Trust were worth $1,121,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. FinTrust Capital Advisors LLC bought a new position in shares of iShares Bitcoin Trust during the 1st quarter valued at about $26,000. Glass Jacobson Investment Advisors llc bought a new position in iShares Bitcoin Trust during the second quarter valued at approximately $26,000. Asset Dedication LLC lifted its holdings in shares of iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after acquiring an additional 279 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in shares of iShares Bitcoin Trust in the 1st quarter valued at $30,000. Finally, Creekmur Asset Management LLC purchased a new stake in shares of iShares Bitcoin Trust in the 1st quarter valued at $30,000.

iShares Bitcoin Trust Trading Down 2.2 %

Shares of NASDAQ:IBIT opened at $38.01 on Friday. The company’s fifty day moving average is $35.27 and its 200 day moving average is $36.00. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $41.99.

About iShares Bitcoin Trust

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.