Ackerman Capital Advisors LLC Has $590,000 Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Ackerman Capital Advisors LLC grew its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 5.4% during the second quarter, HoldingsChannel reports. The firm owned 17,273 shares of the company’s stock after buying an additional 882 shares during the quarter. Ackerman Capital Advisors LLC’s holdings in iShares Bitcoin Trust were worth $590,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of IBIT. Signal Advisors Wealth LLC bought a new position in iShares Bitcoin Trust during the first quarter worth $832,000. LexAurum Advisors LLC bought a new position in iShares Bitcoin Trust during the first quarter worth $485,000. Salem Investment Counselors Inc. bought a new position in iShares Bitcoin Trust during the first quarter worth $41,000. Catalyst Private Wealth LLC bought a new position in iShares Bitcoin Trust during the first quarter worth $212,000. Finally, Traynor Capital Management Inc. bought a new position in iShares Bitcoin Trust during the first quarter worth $3,666,000.

iShares Bitcoin Trust Trading Down 0.5 %

IBIT stock traded down $0.19 on Monday, reaching $36.09. 19,168,410 shares of the company were exchanged, compared to its average volume of 31,236,773. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $41.99. The stock’s fifty day moving average price is $35.13 and its 200 day moving average price is $36.08.

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.