Financial Management Professionals Inc. Reduces Position in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Financial Management Professionals Inc. lowered its holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 57.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,793 shares of the company’s stock after selling 9,200 shares during the period. Financial Management Professionals Inc.’s holdings in Bitwise Bitcoin ETF were worth $345,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Susquehanna International Group LLP raised its stake in Bitwise Bitcoin ETF by 238.5% during the second quarter. Susquehanna International Group LLP now owns 1,898,597 shares of the company’s stock valued at $62,065,000 after buying an additional 1,337,765 shares in the last quarter. Millennium Management LLC raised its position in shares of Bitwise Bitcoin ETF by 71.3% during the 2nd quarter. Millennium Management LLC now owns 1,979,534 shares of the company’s stock valued at $64,711,000 after acquiring an additional 823,817 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of Bitwise Bitcoin ETF by 4,033.4% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 277,100 shares of the company’s stock worth $9,585,000 after buying an additional 270,396 shares during the last quarter. Beaird Harris Wealth Management LLC grew its position in shares of Bitwise Bitcoin ETF by 135.7% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 211,994 shares of the company’s stock valued at $7,333,000 after buying an additional 122,045 shares during the last quarter. Finally, DRW Securities LLC acquired a new stake in Bitwise Bitcoin ETF during the second quarter worth about $3,108,000.

Bitwise Bitcoin ETF Stock Performance

Shares of BITB opened at $57.08 on Friday. The stock has a fifty day moving average price of $52.55 and a 200 day moving average price of $40.55. Bitwise Bitcoin ETF has a 12 month low of $21.05 and a 12 month high of $59.07.

Bitwise Bitcoin ETF Company 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.