Ackerman Capital Advisors LLC Buys 579 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Ackerman Capital Advisors LLC increased its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,852 shares of the company’s stock after purchasing an additional 579 shares during the quarter. Ackerman Capital Advisors LLC’s holdings in iShares Bitcoin Trust were worth $645,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IBIT. Wealth Enhancement Advisory Services LLC bought a new stake in iShares Bitcoin Trust during the first quarter worth $3,416,000. SteelPeak Wealth LLC bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter worth $272,000. Compass Ion Advisors LLC bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter worth $345,000. Pettinga Financial Advisors LLC acquired a new stake in iShares Bitcoin Trust in the first quarter valued at about $204,000. Finally, Udine Wealth Management Inc. bought a new position in iShares Bitcoin Trust in the first quarter valued at about $2,035,000.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ IBIT opened at $38.01 on Friday. The stock has a 50-day moving average price of $35.27 and a two-hundred day moving average price of $35.98. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month 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.