Bitwise Bitcoin ETF $BITB Stock Holdings Raised by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 11.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 775,287 shares of the company’s stock after purchasing an additional 82,186 shares during the period. PNC Financial Services Group Inc. owned 1.11% of Bitwise Bitcoin ETF worth $36,873,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Founders Capital Management increased its position in shares of Bitwise Bitcoin ETF by 105.9% in the 4th quarter. Founders Capital Management now owns 700 shares of the company’s stock worth $33,000 after purchasing an additional 360 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of Bitwise Bitcoin ETF in the 4th quarter worth about $34,000. Lodestone Wealth Management LLC bought a new stake in shares of Bitwise Bitcoin ETF in the 4th quarter worth about $38,000. Caitlin John LLC bought a new stake in shares of Bitwise Bitcoin ETF in the 3rd quarter worth about $49,000. Finally, Root Financial Partners LLC bought a new stake in shares of Bitwise Bitcoin ETF in the 3rd quarter worth about $52,000.

Bitwise Bitcoin ETF Price Performance

BITB opened at $42.14 on Friday. The company has a 50-day moving average of $40.31 and a 200-day moving average of $44.08. Bitwise Bitcoin ETF has a 1-year low of $33.81 and a 1-year high of $68.74.

About Bitwise Bitcoin ETF

The Bitwise Bitcoin ETF Trust (BITB) 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 price performance of spot Bitcoin (BTC). It will hold Bitcoin directly, secured through a multi-layer cold storage wallet. BITB was launched on Jan 10, 2024 and is issued by Bitwise.