Norden Group LLC Invests $669,000 in VanEck Bitcoin ETF $HODL

Norden Group LLC acquired a new stake in VanEck Bitcoin ETF (BATS:HODL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,050 shares of the company’s stock, valued at approximately $669,000.

Several other hedge funds also recently added to or reduced their stakes in HODL. EverSource Wealth Advisors LLC lifted its stake in shares of VanEck Bitcoin ETF by 185.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 913 shares of the company’s stock valued at $28,000 after purchasing an additional 593 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in shares of VanEck Bitcoin ETF during the 3rd quarter worth $64,000. Clear Investment Research LLC grew its holdings in shares of VanEck Bitcoin ETF by 34.4% during the 3rd quarter. Clear Investment Research LLC now owns 2,537 shares of the company’s stock worth $82,000 after purchasing an additional 650 shares during the period. Turim 21 Investimentos Ltda. acquired a new stake in shares of VanEck Bitcoin ETF during the 3rd quarter worth about $88,000. Finally, Farther Finance Advisors LLC increased its position in shares of VanEck Bitcoin ETF by 213.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,899 shares of the company’s stock worth $94,000 after purchasing an additional 1,974 shares during the last quarter.

VanEck Bitcoin ETF Stock Performance

Shares of HODL opened at $18.66 on Friday. The company’s 50-day moving average price is $20.88 and its 200 day moving average price is $25.93. VanEck Bitcoin ETF has a 12-month low of $17.60 and a 12-month high of $35.76.

VanEck Bitcoin ETF Company Profile

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.