Truist Financial Corp Acquires 43,138 Shares of iShares Bitcoin Trust ETF $IBIT

Truist Financial Corp increased its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 85.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 93,594 shares of the company’s stock after buying an additional 43,138 shares during the quarter. Truist Financial Corp’s holdings in iShares Bitcoin Trust ETF were worth $4,647,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of IBIT. Sachetta LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 793.0% during the 3rd quarter. Sachetta LLC now owns 384 shares of the company’s stock worth $25,000 after acquiring an additional 341 shares during the last quarter. Chapman Financial Group LLC bought a new stake in shares of iShares Bitcoin Trust ETF during the 3rd quarter worth approximately $25,000. Key Capital Management INC bought a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter worth approximately $26,000. Anchor Investment Management LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 210.3% during the 3rd quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock worth $29,000 after acquiring an additional 305 shares during the last quarter. Finally, Financial Life Planners bought a new stake in shares of iShares Bitcoin Trust ETF during the 3rd quarter worth approximately $31,000.

iShares Bitcoin Trust ETF Price Performance

Shares of IBIT stock opened at $45.41 on Monday. iShares Bitcoin Trust ETF has a 52-week low of $35.30 and a 52-week high of $71.82. The stock has a 50 day moving average price of $40.93 and a 200 day moving average price of $47.28.

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.