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

Fifth Third Bancorp increased its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 126.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 243,117 shares of the company’s stock after acquiring an additional 135,770 shares during the quarter. Fifth Third Bancorp’s holdings in iShares Bitcoin Trust ETF were worth $9,341,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in IBIT. Laurore Ltd acquired a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter worth $436,239,000. Mubadala Investment Co PJSC increased its holdings in iShares Bitcoin Trust ETF by 45.6% in the fourth quarter. Mubadala Investment Co PJSC now owns 12,702,323 shares of the company’s stock valued at $630,670,000 after purchasing an additional 3,975,351 shares during the period. Marshall Wace LLP increased its holdings in iShares Bitcoin Trust ETF by 229.8% in the fourth quarter. Marshall Wace LLP now owns 3,447,749 shares of the company’s stock valued at $171,181,000 after purchasing an additional 2,402,259 shares during the period. Morgan Stanley raised its position in iShares Bitcoin Trust ETF by 21.5% during the 4th quarter. Morgan Stanley now owns 13,440,659 shares of the company’s stock worth $667,329,000 after purchasing an additional 2,374,482 shares during the last quarter. Finally, Consolidated Portfolio Review Corp raised its position in iShares Bitcoin Trust ETF by 27,185.5% during the 4th quarter. Consolidated Portfolio Review Corp now owns 2,142,185 shares of the company’s stock worth $106,359,000 after purchasing an additional 2,134,334 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Up 0.6%

Shares of IBIT opened at $36.81 on Thursday. iShares Bitcoin Trust ETF has a 12 month low of $32.84 and a 12 month high of $71.82. The stock’s 50-day moving average price is $38.60 and its two-hundred day moving average price is $41.73.

iShares Bitcoin Trust ETF 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.