Ackerman Capital Advisors LLC Has $851,000 Stake in iShares Bitcoin Trust ETF $IBIT

Ackerman Capital Advisors LLC reduced its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 51.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 17,132 shares of the company’s stock after selling 18,137 shares during the period. Ackerman Capital Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $851,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in IBIT. Chapman Financial Group LLC bought a new stake in iShares Bitcoin Trust ETF in the third quarter valued at approximately $25,000. Anchor Investment Management LLC grew its stake in iShares Bitcoin Trust ETF by 210.3% in the third quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock valued at $29,000 after acquiring an additional 305 shares during the period. Financial Life Planners acquired a new position in iShares Bitcoin Trust ETF in the third quarter valued at about $31,000. Semmax Financial Advisors Inc. grew its stake in iShares Bitcoin Trust ETF by 135.9% in the second quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock valued at $33,000 after acquiring an additional 284 shares during the period. Finally, Marshall & Sterling Wealth Advisors Inc. grew its stake in iShares Bitcoin Trust ETF by 12,500.0% in the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock valued at $25,000 after acquiring an additional 500 shares during the period.

iShares Bitcoin Trust ETF Price Performance

NASDAQ:IBIT opened at $34.14 on Friday. The stock has a 50-day moving average price of $42.04 and a two-hundred day moving average price of $44.74. iShares Bitcoin Trust ETF has a 1 year low of $33.48 and a 1 year high of $71.82.

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.