NewEdge Advisors LLC Reduces Position in VanEck Bitcoin ETF $HODL

NewEdge Advisors LLC decreased its stake in shares of VanEck Bitcoin ETF (BATS:HODL) by 59.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,553 shares of the company’s stock after selling 29,553 shares during the quarter. NewEdge Advisors LLC’s holdings in VanEck Bitcoin ETF were worth $394,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in HODL. Van ECK Associates Corp grew its holdings in shares of VanEck Bitcoin ETF by 22.4% during the fourth quarter. Van ECK Associates Corp now owns 5,036,226 shares of the company’s stock valued at $124,546,000 after buying an additional 922,199 shares during the last quarter. Jane Street Group LLC raised its stake in VanEck Bitcoin ETF by 4,372.1% in the 4th quarter. Jane Street Group LLC now owns 1,042,305 shares of the company’s stock worth $25,776,000 after acquiring an additional 1,018,998 shares during the last quarter. Berger Financial Group Inc lifted its position in VanEck Bitcoin ETF by 26.0% during the 1st quarter. Berger Financial Group Inc now owns 858,524 shares of the company’s stock worth $16,449,000 after acquiring an additional 177,369 shares during the period. Tidal Investments LLC lifted its position in VanEck Bitcoin ETF by 15.3% during the 2nd quarter. Tidal Investments LLC now owns 637,078 shares of the company’s stock worth $19,412,000 after acquiring an additional 84,465 shares during the period. Finally, Assetmark Inc. grew its stake in VanEck Bitcoin ETF by 3.6% during the 1st quarter. Assetmark Inc. now owns 626,385 shares of the company’s stock valued at $12,002,000 after purchasing an additional 22,036 shares during the last quarter.

VanEck Bitcoin ETF Price Performance

Shares of HODL stock opened at $21.78 on Friday. The stock’s 50-day simple moving average is $18.09 and its 200-day simple moving average is $19.53. VanEck Bitcoin ETF has a fifty-two week low of $16.40 and a fifty-two week high of $35.76.

About VanEck Bitcoin ETF

The VanEck Bitcoin Trust (HODL) is an exchange-traded fund that is based on the MarketVector Bitcoin Benchmark Rate index. The fund provides passive exposure to the price of Bitcoin through the purchase of shares, allowing investors to track the performance of Bitcoin without directly owning and managing the digital currency. HODL was launched on Jan 4, 2024 and is issued by VanEck.