Fifth Third Bancorp Raises Position in iShares Bitcoin Trust ETF $IBIT

Fifth Third Bancorp lifted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 45.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 353,250 shares of the company’s stock after buying an additional 110,133 shares during the period. Fifth Third Bancorp’s holdings in iShares Bitcoin Trust ETF were worth $11,760,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. McIlrath & Eck LLC raised its holdings in iShares Bitcoin Trust ETF by 30.3% in the 2nd quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock worth $43,000 after acquiring an additional 163 shares during the last quarter. Vivaldi Capital Management LP boosted its stake in iShares Bitcoin Trust ETF by 3.3% during the 2nd quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock valued at $314,000 after purchasing an additional 163 shares during the last quarter. ST Germain D J Co. Inc. boosted its stake in iShares Bitcoin Trust ETF by 2.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 8,059 shares of the company’s stock valued at $400,000 after purchasing an additional 220 shares during the last quarter. Channel Wealth LLC boosted its stake in iShares Bitcoin Trust ETF by 5.7% during the 4th quarter. Channel Wealth LLC now owns 4,293 shares of the company’s stock valued at $213,000 after purchasing an additional 233 shares during the last quarter. Finally, Retirement Planning Group LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 2.0% in the 1st quarter. Retirement Planning Group LLC now owns 12,783 shares of the company’s stock worth $491,000 after purchasing an additional 245 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

IBIT stock opened at $35.63 on Friday. iShares Bitcoin Trust ETF has a 1-year low of $32.84 and a 1-year high of $71.82. The business has a fifty day moving average price of $35.88 and a 200-day moving average price of $39.45.

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.