07:57 AM EDT, 05/16/2024 (MT Newswires) -- Nearly 240 institutional investors held shares of former US President Donald Trump's newly launched media company as of March 31.

Morgan Stanley (MS) acquired about 450 shares of Trump Media and Technology ( DJT ) for about $12,000, according to Securities and Exchange Commission filings.

Wells Fargo (WFC) bought 10,000 shares of the company for about $640,000.

Other big-name investors included UBS (UBS) with fewer than 1,000 shares, JPMorgan Chase (JPM), and Bank of America (BOC), according to the regulatory filings.

Among private equity firms that bought shares of the newly launched social media company were Radcliffe Capital Management, Pentwater Capital Management, and Bracebridge Capital.

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