FAS Wealth Partners Inc. Invests $275,000 in Bitwise Bitcoin ETF (NYSEARCA:BITB)

FAS Wealth Partners Inc. bought a new stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,411 shares of the company’s stock, valued at approximately $275,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tidal Investments LLC raised its stake in shares of Bitwise Bitcoin ETF by 43.8% in the third quarter. Tidal Investments LLC now owns 201,797 shares of the company’s stock worth $6,980,000 after purchasing an additional 61,499 shares during the last quarter. Advance Capital Management Inc. raised its position in Bitwise Bitcoin ETF by 30.4% during the 4th quarter. Advance Capital Management Inc. now owns 128,069 shares of the company’s stock worth $6,512,000 after buying an additional 29,855 shares during the last quarter. Weaver Consulting Group acquired a new stake in Bitwise Bitcoin ETF during the 4th quarter valued at approximately $437,000. Highline Wealth Partners LLC boosted its holdings in shares of Bitwise Bitcoin ETF by 3.6% in the 4th quarter. Highline Wealth Partners LLC now owns 71,530 shares of the company’s stock valued at $3,637,000 after acquiring an additional 2,501 shares during the last quarter. Finally, HBW Advisory Services LLC purchased a new stake in shares of Bitwise Bitcoin ETF in the 4th quarter valued at $346,000.

Bitwise Bitcoin ETF Price Performance

Shares of Bitwise Bitcoin ETF stock opened at $52.59 on Friday. Bitwise Bitcoin ETF has a 1 year low of $27.02 and a 1 year high of $59.07. The firm has a fifty day moving average price of $46.68 and a 200 day moving average price of $48.90.

Bitwise Bitcoin ETF 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.