Ackerman Capital Advisors LLC Has $966,000 Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Ackerman Capital Advisors LLC raised its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,209 shares of the company’s stock after purchasing an additional 357 shares during the quarter. Ackerman Capital Advisors LLC’s holdings in iShares Bitcoin Trust were worth $966,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Union Savings Bank bought a new position in iShares Bitcoin Trust in the 4th quarter valued at approximately $25,000. City Holding Co. increased its position in iShares Bitcoin Trust by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after acquiring an additional 238 shares during the period. Stephens Consulting LLC increased its position in iShares Bitcoin Trust by 62.8% in the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after acquiring an additional 189 shares during the period. Crewe Advisors LLC raised its stake in shares of iShares Bitcoin Trust by 151.0% during the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after acquiring an additional 302 shares during the last quarter. Finally, Beacon Capital Management LLC acquired a new position in shares of iShares Bitcoin Trust during the fourth quarter worth $28,000.

iShares Bitcoin Trust Price Performance

Shares of iShares Bitcoin Trust stock opened at $50.03 on Wednesday. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month high of $61.75. The company’s fifty day moving average is $55.94 and its 200 day moving average is $46.41.

iShares Bitcoin Trust 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.