Fifth Third Bancorp Purchases 135,770 Shares of iShares Bitcoin Trust ETF $IBIT

Fifth Third Bancorp raised its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 126.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,117 shares of the company’s stock after purchasing an additional 135,770 shares during the period. Fifth Third Bancorp’s holdings in iShares Bitcoin Trust ETF were worth $9,341,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IBIT. Marshall & Sterling Wealth Advisors Inc. grew its holdings in shares of iShares Bitcoin Trust ETF by 12,500.0% during the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock valued at $25,000 after purchasing an additional 500 shares during the last quarter. Key Capital Management INC bought a new position in iShares Bitcoin Trust ETF in the 4th quarter valued at approximately $26,000. Sfam LLC bought a new position in iShares Bitcoin Trust ETF in the 4th quarter valued at approximately $26,000. Vermillion & White Wealth Management Group LLC boosted its position in iShares Bitcoin Trust ETF by 637.5% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock valued at $26,000 after buying an additional 459 shares in the last quarter. Finally, Semmax Financial Advisors Inc. boosted its position 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 buying an additional 284 shares in the last quarter.

iShares Bitcoin Trust ETF Trading Up 0.6%

Shares of NASDAQ:IBIT opened at $36.81 on Thursday. The company has a fifty day moving average of $38.60 and a 200-day moving average of $41.73. iShares Bitcoin Trust ETF has a 52-week low of $32.84 and a 52-week high of $71.82.

iShares Bitcoin Trust ETF 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.