Bitwise Bitcoin ETF $BITB Shares Bought by Financial Management Professionals Inc.

Financial Management Professionals Inc. grew its stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 19.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 167,659 shares of the company’s stock after acquiring an additional 26,738 shares during the period. Bitwise Bitcoin ETF makes up approximately 0.5% of Financial Management Professionals Inc.’s portfolio, making the stock its 28th largest position. Financial Management Professionals Inc.’s holdings in Bitwise Bitcoin ETF were worth $5,343,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. GeoWealth Management LLC acquired a new position in shares of Bitwise Bitcoin ETF during the 4th quarter worth $32,000. EverSource Wealth Advisors LLC lifted its stake in shares of Bitwise Bitcoin ETF by 262.4% in 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 period. Geneos Wealth Management Inc. lifted its stake in shares of Bitwise Bitcoin ETF by 53.9% in the first quarter. Geneos Wealth Management Inc. now owns 1,202 shares of the company’s stock valued at $44,000 after purchasing an additional 421 shares during the period. Kingdom Financial Group LLC. purchased a new stake in Bitwise Bitcoin ETF during the fourth quarter worth about $65,000. Finally, Turim 21 Investimentos Ltda. purchased a new stake in Bitwise Bitcoin ETF during the third quarter worth about $87,000.

Bitwise Bitcoin ETF Stock Performance

Shares of BITB opened at $34.71 on Tuesday. Bitwise Bitcoin ETF has a twelve month low of $31.49 and a twelve month high of $68.74. The firm’s 50-day moving average is $34.41 and its two-hundred day moving average is $38.10.

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.