Balentine LLC Purchases 8,027 Shares of VanEck Bitcoin Trust ETF (NYSEARCA:HODL)

Balentine LLC raised its stake in shares of VanEck Bitcoin Trust ETF (NYSEARCA:HODL) by 413.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 9,970 shares of the company’s stock after purchasing an additional 8,027 shares during the quarter. Balentine LLC’s holdings in VanEck Bitcoin Trust ETF were worth $232,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. HighTower Advisors LLC boosted its holdings in shares of VanEck Bitcoin Trust ETF by 29.8% in the 4th quarter. HighTower Advisors LLC now owns 5,314 shares of the company’s stock valued at $562,000 after buying an additional 1,221 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of VanEck Bitcoin Trust ETF by 49.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 9,340 shares of the company’s stock valued at $987,000 after buying an additional 3,075 shares in the last quarter. Samalin Investment Counsel LLC lifted its stake in VanEck Bitcoin Trust ETF by 7.9% during the fourth quarter. Samalin Investment Counsel LLC now owns 6,545 shares of the company’s stock worth $692,000 after purchasing an additional 482 shares during the last quarter. Congress Wealth Management LLC DE bought a new position in shares of VanEck Bitcoin Trust ETF in the fourth quarter worth about $1,302,000. Finally, NEOS Investment Management LLC bought a new position in shares of VanEck Bitcoin Trust ETF in the fourth quarter worth about $10,017,000.

VanEck Bitcoin Trust ETF Trading Down 1.4%

Shares of HODL stock opened at $33.21 on Friday. The business’s 50 day simple moving average is $30.59 and its 200 day simple moving average is $27.57. VanEck Bitcoin Trust ETF has a one year low of $14.01 and a one year high of $34.55.

VanEck Bitcoin Trust 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.