Truist Financial Corp Raises Stock Holdings in iShares Bitcoin Trust ETF $IBIT

Truist Financial Corp raised its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,287 shares of the company’s stock after purchasing an additional 193 shares during the quarter. Truist Financial Corp’s holdings in iShares Bitcoin Trust ETF were worth $2,772,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at $711,000. Bison Wealth LLC bought a new position in iShares Bitcoin Trust ETF in the 4th quarter worth about $3,140,000. Miracle Mile Advisors LLC bought a new position in iShares Bitcoin Trust ETF during the 1st quarter valued at about $213,000. Pallas Capital Advisors LLC lifted its stake in iShares Bitcoin Trust ETF by 25.4% during the 1st quarter. Pallas Capital Advisors LLC now owns 7,747 shares of the company’s stock valued at $363,000 after acquiring an additional 1,570 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its position in shares of iShares Bitcoin Trust ETF by 269.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 33,682 shares of the company’s stock valued at $1,577,000 after purchasing an additional 24,576 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Down 1.9%

NASDAQ IBIT opened at $68.74 on Friday. The company has a 50-day moving average price of $65.35 and a 200-day moving average price of $60.33. iShares Bitcoin Trust ETF has a 52 week low of $33.47 and a 52 week high of $71.82.

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.