Alpine Global Management LLC Makes New $336,000 Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Alpine Global Management LLC acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,337 shares of the company’s stock, valued at approximately $336,000.

Several other institutional investors have also recently bought and sold shares of the business. Vision Financial Markets LLC purchased a new stake in shares of iShares Bitcoin Trust in the fourth quarter valued at about $25,000. Stephens Consulting LLC raised its holdings in shares of iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after purchasing an additional 189 shares during the last quarter. Crewe Advisors LLC raised its holdings in shares of iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after purchasing an additional 302 shares during the last quarter. Beacon Capital Management LLC purchased a new stake in shares of iShares Bitcoin Trust in the fourth quarter valued at about $28,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of iShares Bitcoin Trust in the fourth quarter valued at about $28,000.

iShares Bitcoin Trust Trading Up 2.3%

Shares of IBIT stock opened at $63.23 on Friday. The firm has a 50-day moving average of $51.75 and a 200-day moving average of $53.08. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $63.70.

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.