Fifth Third Bancorp grew its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 820.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 77,794 shares of the company’s stock after buying an additional 69,344 shares during the period. Fifth Third Bancorp’s holdings in iShares Bitcoin Trust ETF were worth $3,642,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of IBIT. Brevan Howard Capital Management LP purchased a new position in iShares Bitcoin Trust ETF during the fourth quarter worth $1,385,364,000. Symmetry Investments LP increased its position in iShares Bitcoin Trust ETF by 3,605.8% during the fourth quarter. Symmetry Investments LP now owns 12,678,808 shares of the company’s stock worth $672,611,000 after buying an additional 12,336,673 shares in the last quarter. Mubadala Investment Co PJSC purchased a new position in iShares Bitcoin Trust ETF during the fourth quarter worth $436,895,000. D. E. Shaw & Co. Inc. increased its position in iShares Bitcoin Trust ETF by 344.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 9,667,431 shares of the company’s stock worth $512,857,000 after buying an additional 7,494,123 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. purchased a new position in iShares Bitcoin Trust ETF during the fourth quarter worth $378,140,000.
iShares Bitcoin Trust ETF Price Performance
iShares Bitcoin Trust ETF stock opened at $59.74 on Friday. The stock has a fifty day moving average of $55.86 and a two-hundred day moving average of $54.24. iShares Bitcoin Trust ETF has a fifty-two week low of $28.23 and a fifty-two week high of $63.70.
About iShares Bitcoin Trust ETF
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.
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