Parr Mcknight Wealth Management Group LLC boosted its holdings in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB – Free Report) by 138.7% during the 1st quarter, Holdings Channel reports. The fund owned 28,644 shares of the company’s stock after buying an additional 16,645 shares during the period. Parr Mcknight Wealth Management Group LLC’s holdings in Bitwise Bitcoin ETF were worth $1,054,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in BITB. GeoWealth Management LLC purchased a new stake in shares of Bitwise Bitcoin ETF in the 4th quarter worth approximately $32,000. Founders Capital Management increased its holdings in Bitwise Bitcoin ETF by 105.9% during the fourth quarter. Founders Capital Management now owns 700 shares of the company’s stock valued at $33,000 after buying an additional 360 shares during the period. Princeton Global Asset Management LLC purchased a new position in Bitwise Bitcoin ETF during the fourth quarter valued at approximately $34,000. Lodestone Wealth Management LLC bought a new position in Bitwise Bitcoin ETF in the fourth quarter worth approximately $38,000. Finally, EverSource Wealth Advisors LLC raised its stake in Bitwise Bitcoin ETF by 262.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 888 shares of the company’s stock worth $42,000 after buying an additional 643 shares in the last quarter.
Bitwise Bitcoin ETF Stock Down 2.7%
Shares of NYSEARCA BITB opened at $33.78 on Tuesday. The stock’s fifty day simple moving average is $37.30 and its two-hundred day simple moving average is $40.14. Bitwise Bitcoin ETF has a 12-month low of $31.49 and a 12-month high of $68.74.
About Bitwise Bitcoin ETF
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.
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Want to see what other hedge funds are holding BITB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bitwise Bitcoin ETF (NYSEARCA:BITB – Free Report).
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