6,337 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Bought by Alpine Global Management LLC

Alpine Global Management LLC purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 6,337 shares of the company’s stock, valued at approximately $336,000.

A number of other large investors have also modified their holdings of the company. Bracebridge Capital LLC bought a new position in iShares Bitcoin Trust in the 4th quarter worth approximately $10,610,000. ClearAlpha Technologies LP acquired a new position in iShares Bitcoin Trust during the 4th quarter valued at about $1,671,000. Canal Capital Management LLC acquired a new position in shares of iShares Bitcoin Trust during the fourth quarter valued at approximately $485,000. J. Safra Sarasin Holding AG bought a new stake in iShares Bitcoin Trust during the fourth quarter worth approximately $1,037,000. Finally, Stifel Financial Corp bought a new position in iShares Bitcoin Trust during the 4th quarter valued at $332,000.

iShares Bitcoin Trust Stock Performance

Shares of iShares Bitcoin Trust stock opened at $49.72 on Tuesday. The business has a fifty day simple moving average of $48.91 and a 200-day simple moving average of $50.29. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75.

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.