Alpine Global Management LLC Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Alpine Global Management LLC bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 6,337 shares of the company’s stock, valued at approximately $336,000.

Other hedge funds have also recently bought and sold shares of the company. Vision Financial Markets LLC acquired a new position in shares of iShares Bitcoin Trust during the fourth quarter worth about $25,000. Union Savings Bank purchased a new stake in shares of iShares Bitcoin Trust during the fourth quarter valued at approximately $25,000. City Holding Co. lifted its position in shares of iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after purchasing an additional 238 shares in the last quarter. Stephens Consulting LLC grew its holdings in iShares Bitcoin Trust by 62.8% during the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after purchasing an additional 189 shares in the last quarter. Finally, Crewe Advisors LLC grew 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 in the last quarter.

iShares Bitcoin Trust Stock Performance

IBIT stock opened at $49.72 on Tuesday. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75. The stock’s 50 day moving average is $48.91 and its two-hundred day moving average is $50.29.

iShares Bitcoin Trust Company 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.