Truist Financial Corp Has $1.16 Million Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Truist Financial Corp lifted its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 60.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,865 shares of the company’s stock after buying an additional 8,255 shares during the quarter. Truist Financial Corp’s holdings in iShares Bitcoin Trust were worth $1,160,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Horizon Kinetics Asset Management LLC grew its holdings in iShares Bitcoin Trust by 11.9% during the third quarter. Horizon Kinetics Asset Management LLC now owns 805,803 shares of the company’s stock valued at $29,114,000 after purchasing an additional 85,763 shares during the period. Parallax Volatility Advisers L.P. grew its holdings in iShares Bitcoin Trust by 127.6% during the third quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock valued at $23,846,000 after purchasing an additional 370,000 shares during the period. Clear Street Derivatives LLC acquired a new position in iShares Bitcoin Trust during the third quarter valued at approximately $23,686,000. LMR Partners LLP grew its holdings in iShares Bitcoin Trust by 350.0% during the third quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock valued at $22,762,000 after purchasing an additional 490,000 shares during the period. Finally, CloudAlpha Capital Management Limited Hong Kong acquired a new position in iShares Bitcoin Trust during the third quarter valued at approximately $19,149,000.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ IBIT opened at $47.90 on Friday. The firm has a 50 day moving average price of $55.25 and a 200 day moving average price of $46.63. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75.

iShares Bitcoin Trust Company 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.