Independent Financial Group LLC Buys Shares of 17,846 Bitwise Bitcoin ETF $BITB

Independent Financial Group LLC bought a new stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 17,846 shares of the company’s stock, valued at approximately $657,000.

A number of other hedge funds have also made changes to their positions in the stock. Focus Partners Wealth increased its stake in shares of Bitwise Bitcoin ETF by 0.8% in the first quarter. Focus Partners Wealth now owns 29,358 shares of the company’s stock worth $1,318,000 after buying an additional 244 shares during the last quarter. Captrust Financial Advisors raised its holdings in Bitwise Bitcoin ETF by 1.7% in the second quarter. Captrust Financial Advisors now owns 15,127 shares of the company’s stock valued at $886,000 after acquiring an additional 255 shares in the last quarter. NewEdge Wealth LLC boosted its stake in Bitwise Bitcoin ETF by 4.3% during the 4th quarter. NewEdge Wealth LLC now owns 7,609 shares of the company’s stock valued at $362,000 after acquiring an additional 312 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in Bitwise Bitcoin ETF by 6.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 5,358 shares of the company’s stock valued at $333,000 after acquiring an additional 319 shares during the last quarter. Finally, Financial Guidance Group Inc. grew its holdings in Bitwise Bitcoin ETF by 3.6% during the 4th quarter. Financial Guidance Group Inc. now owns 10,073 shares of the company’s stock worth $479,000 after acquiring an additional 351 shares in the last quarter.

Bitwise Bitcoin ETF Price Performance

Shares of BITB stock opened at $35.78 on Thursday. The firm has a fifty day moving average of $36.10 and a two-hundred day moving average of $39.53. Bitwise Bitcoin ETF has a 1-year low of $31.49 and a 1-year high of $68.74.

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.