A handful of institutional investors bought large positions in former President Donald Trump’s media company in the second quarter ahead of the company's...
NEW YORK - A handful of institutional investors bought large positions in former President Donald Trump ’s media company in the second quarter ahead of the company's inclusion in two Russell indexes, regulatory filings released on Wednesday showed.
Vanguard Group initiated a new position with the purchase of nearly 2.9 million shares of Trump Media, with a market value of approximately $94.3 million at the end of the quarter, the filings showed. BlackRock initiated a new position with the purchase of nearly 2.2 million shares, while State Street initiated a new position with just over 440,000 shares.
The positions were published in regulatory filings known as 13Fs, which show what fund managers own at the end of every quarter.Trump Media shares fell to near record lows on Wednesday, following the company's weak quarterly results and the return of Trump, the Republican presidential candidate, to social media platform X. Trump is the majority owner of Trump Media & Technology and Truth Social is the company's main asset.
Regulatory Filings Trump Media Buy Shares Russell Indexes
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