iShares Bitcoin Trust ETF $IBIT Stock Position Boosted by Fifth Third Bancorp

Fifth Third Bancorp boosted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 30.8% during the third quarter, Holdings Channel reports. The institutional investor owned 462,060 shares of the company’s stock after purchasing an additional 108,810 shares during the quarter. Fifth Third Bancorp’s holdings in iShares Bitcoin Trust ETF were worth $21,874,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. William Mack & Associates Inc. bought a new position in iShares Bitcoin Trust ETF in the third quarter valued at approximately $33,000. Horizons Wealth Management acquired a new stake in shares of iShares Bitcoin Trust ETF in the 3rd quarter valued at approximately $37,000. Hilton Head Capital Partners LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 501.5% in the 3rd quarter. Hilton Head Capital Partners LLC now owns 794 shares of the company’s stock valued at $38,000 after buying an additional 662 shares during the last quarter. Allied Private Wealth LLC bought a new position in shares of iShares Bitcoin Trust ETF in the second quarter valued at $28,000. Finally, MADDEN SECURITIES Corp bought a new position in shares of iShares Bitcoin Trust ETF in the third quarter valued at $38,000.

iShares Bitcoin Trust ETF Stock Performance

Shares of IBIT opened at $38.94 on Friday. iShares Bitcoin Trust ETF has a 1-year low of $32.84 and a 1-year high of $55.60. The company’s fifty day simple moving average is $45.47 and its 200 day simple moving average is $41.11.

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.