NewEdge Advisors LLC grew its position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB – Free Report) by 585,500.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 17,568 shares of the company’s stock after acquiring an additional 17,565 shares during the quarter. NewEdge Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $647,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of BITB. GeoWealth Management LLC bought a new stake in Bitwise Bitcoin ETF in the fourth quarter worth $32,000. EverSource Wealth Advisors LLC lifted its position in Bitwise Bitcoin ETF by 262.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 888 shares of the company’s stock valued at $42,000 after purchasing an additional 643 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Bitwise Bitcoin ETF by 53.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,202 shares of the company’s stock worth $44,000 after buying an additional 421 shares in the last quarter. Kingdom Financial Group LLC. purchased a new position in shares of Bitwise Bitcoin ETF in the 4th quarter worth $65,000. Finally, Hollencrest Capital Management increased its holdings in shares of Bitwise Bitcoin ETF by 35.9% in the 4th quarter. Hollencrest Capital Management now owns 1,529 shares of the company’s stock worth $73,000 after buying an additional 404 shares during the last quarter.
Bitwise Bitcoin ETF Stock Performance
Shares of NYSEARCA BITB opened at $39.45 on Friday. The firm’s 50-day moving average price is $34.58 and its 200-day moving average price is $37.42. Bitwise Bitcoin ETF has a 12-month low of $31.49 and a 12-month 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.
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