Royal Bank of Canada Boosts Stock Position in Bitwise Crypto Industry Innovators ETF $BITQ

Royal Bank of Canada grew its position in Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) by 15.0% during the first quarter, Holdings Channel reports. The firm owned 304,490 shares of the company’s stock after acquiring an additional 39,811 shares during the period. Royal Bank of Canada’s holdings in Bitwise Crypto Industry Innovators ETF were worth $5,743,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of BITQ. Cetera Investment Advisers lifted its holdings in shares of Bitwise Crypto Industry Innovators ETF by 6.0% during the first quarter. Cetera Investment Advisers now owns 398,453 shares of the company’s stock worth $7,515,000 after purchasing an additional 22,557 shares during the period. Fifth Third Bancorp raised its position in Bitwise Crypto Industry Innovators ETF by 88.3% during the 1st quarter. Fifth Third Bancorp now owns 1,966 shares of the company’s stock worth $37,000 after buying an additional 922 shares during the last quarter. Burney Co. purchased a new position in Bitwise Crypto Industry Innovators ETF during the 1st quarter worth approximately $209,000. Salus Financial Advisors LLC lifted its stake in Bitwise Crypto Industry Innovators ETF by 5.6% during the 1st quarter. Salus Financial Advisors LLC now owns 144,004 shares of the company’s stock valued at $2,716,000 after acquiring an additional 7,583 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in Bitwise Crypto Industry Innovators ETF by 3.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 135,610 shares of the company’s stock valued at $2,558,000 after acquiring an additional 4,724 shares during the period.

Bitwise Crypto Industry Innovators ETF Price Performance

BITQ stock opened at $22.74 on Thursday. The company has a market capitalization of $381.35 million, a P/E ratio of 27.61 and a beta of 3.14. Bitwise Crypto Industry Innovators ETF has a 12 month low of $16.65 and a 12 month high of $31.45. The firm’s fifty day simple moving average is $24.52 and its 200-day simple moving average is $23.16.

Bitwise Crypto Industry Innovators ETF Profile

The Bitwise Crypto Industry Innovators ETF (BITQ) is an exchange-traded fund that is based on the Bitwise Crypto Innovators 30 index. The fund is passively managed to track a modified market-cap-weighted index of global companies supporting a crypto-asset-enabled decentralized economy. BITQ was launched on May 11, 2021 and is managed by Bitwise.