HighTower Advisors LLC Boosts Position in Bitwise Bitcoin ETF $BITB

HighTower Advisors LLC raised its stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 26.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,942 shares of the company’s stock after purchasing an additional 14,382 shares during the period. HighTower Advisors LLC owned 0.10% of Bitwise Bitcoin ETF worth $4,227,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in shares of Bitwise Bitcoin ETF in the 4th quarter valued at $516,000. Focus Partners Wealth raised its stake in Bitwise Bitcoin ETF by 0.8% during the 1st quarter. Focus Partners Wealth now owns 29,358 shares of the company’s stock worth $1,318,000 after acquiring an additional 244 shares in the last quarter. Quaker Wealth Management LLC lifted its position in Bitwise Bitcoin ETF by 195.3% in the second quarter. Quaker Wealth Management LLC now owns 2,530 shares of the company’s stock valued at $148,000 after acquiring an additional 5,185 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in Bitwise Bitcoin ETF by 42.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,659 shares of the company’s stock valued at $390,000 after acquiring an additional 1,987 shares during the last quarter. Finally, Kesler Norman & Wride LLC acquired a new position in Bitwise Bitcoin ETF in the second quarter valued at $1,076,000.

Bitwise Bitcoin ETF Price Performance

Shares of BITB stock opened at $35.01 on Wednesday. The stock’s 50-day moving average is $44.83 and its two-hundred day moving average is $53.44. Bitwise Bitcoin ETF has a 1 year low of $33.81 and a 1 year high of $68.74.

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.