NewEdge Wealth LLC Has $2.23 Million Stock Position in Bitwise Bitcoin ETF $BITB

NewEdge Wealth LLC increased its stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 695.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,495 shares of the company’s stock after acquiring an additional 52,886 shares during the period. NewEdge Wealth LLC owned about 0.09% of Bitwise Bitcoin ETF worth $2,227,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Balance Wealth LLC raised its stake in shares of Bitwise Bitcoin ETF by 65.0% during the 4th quarter. Balance Wealth LLC now owns 57,308 shares of the company’s stock worth $2,726,000 after purchasing an additional 22,567 shares in the last quarter. Financial Management Professionals Inc. grew its stake in shares of Bitwise Bitcoin ETF by 1,393.9% in the fourth quarter. Financial Management Professionals Inc. now owns 101,484 shares of the company’s stock valued at $4,827,000 after buying an additional 94,691 shares in the last quarter. Wealthstar Advisors LLC grew its stake in shares of Bitwise Bitcoin ETF by 215.9% in the fourth quarter. Wealthstar Advisors LLC now owns 22,240 shares of the company’s stock valued at $1,058,000 after buying an additional 15,200 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC increased its holdings in Bitwise Bitcoin ETF by 35.5% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 62,850 shares of the company’s stock worth $2,989,000 after buying an additional 16,463 shares during the last quarter. Finally, Crumly & Associates Inc. increased its holdings in Bitwise Bitcoin ETF by 25.4% during the fourth quarter. Crumly & Associates Inc. now owns 194,851 shares of the company’s stock worth $9,267,000 after buying an additional 39,497 shares during the last quarter.

Bitwise Bitcoin ETF Stock Down 0.9%

NYSEARCA BITB opened at $34.84 on Friday. The firm’s fifty day moving average price is $35.76 and its two-hundred day moving average price is $39.41. Bitwise Bitcoin ETF has a 1 year low of $31.49 and a 1 year high of $68.74.

Bitwise Bitcoin ETF Company Profile

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.