SeaCrest Wealth Management LLC Lowers Stock Holdings in iShares Bitcoin Trust ETF $IBIT

SeaCrest Wealth Management LLC cut its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 38.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,571 shares of the company’s stock after selling 21,102 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,352,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in IBIT. McIlrath & Eck LLC increased its holdings in iShares Bitcoin Trust ETF by 30.3% in the 2nd quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock worth $43,000 after acquiring an additional 163 shares in the last quarter. Vivaldi Capital Management LP raised its position in iShares Bitcoin Trust ETF by 3.3% during the second quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock worth $314,000 after acquiring an additional 163 shares during the period. Howard Capital Management Group LLC lifted its holdings in iShares Bitcoin Trust ETF by 0.6% during the third quarter. Howard Capital Management Group LLC now owns 25,690 shares of the company’s stock valued at $1,670,000 after purchasing an additional 165 shares in the last quarter. Encompass Wealth Advisors LLC grew its position in shares of 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 valued at $498,000 after purchasing an additional 165 shares during the period. Finally, Thoroughbred Financial Services LLC grew its position in shares of iShares Bitcoin Trust ETF by 3.3% in the third quarter. Thoroughbred Financial Services LLC now owns 5,323 shares of the company’s stock valued at $345,000 after purchasing an additional 172 shares during the period.

iShares Bitcoin Trust ETF Stock Up 4.3%

Shares of IBIT traded up $1.70 during mid-day trading on Friday, hitting $41.65. 22,015,732 shares of the company were exchanged, compared to its average volume of 70,554,570. iShares Bitcoin Trust ETF has a 1-year low of $35.30 and a 1-year high of $71.82. The company has a 50 day moving average of $44.36 and a 200-day moving average of $53.68.

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.