Meitav Investment House Ltd. Buys 26,989 Shares of Bitwise Bitcoin ETF $BITB

Meitav Investment House Ltd. raised its stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 45.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 86,884 shares of the company’s stock after buying an additional 26,989 shares during the quarter. Meitav Investment House Ltd. owned about 0.12% of Bitwise Bitcoin ETF worth $3,198,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of BITB. Advance Capital Management Inc. boosted its stake in Bitwise Bitcoin ETF by 31.5% during the 1st quarter. Advance Capital Management Inc. now owns 57,352 shares of the company’s stock worth $2,111,000 after acquiring an additional 13,746 shares during the last quarter. Private Wealth Partners LLC increased its stake in Bitwise Bitcoin ETF by 55.5% in the first quarter. Private Wealth Partners LLC now owns 26,670 shares of the company’s stock valued at $982,000 after purchasing an additional 9,520 shares in the last quarter. Revisor Wealth Management LLC increased its stake in Bitwise Bitcoin ETF by 167.3% in the first quarter. Revisor Wealth Management LLC now owns 27,982 shares of the company’s stock valued at $1,030,000 after purchasing an additional 17,514 shares in the last quarter. Appalachian Capital Management Ltd acquired a new stake in Bitwise Bitcoin ETF in the first quarter worth $309,000. Finally, Carter Financial Group INC. raised its holdings in Bitwise Bitcoin ETF by 1.0% in the first quarter. Carter Financial Group INC. now owns 136,270 shares of the company’s stock worth $5,016,000 after purchasing an additional 1,288 shares during the period.

Bitwise Bitcoin ETF Price Performance

Shares of NYSEARCA BITB remained flat at $34.58 during midday trading on Tuesday. 553,844 shares of the stock were exchanged, compared to its average volume of 2,717,488. Bitwise Bitcoin ETF has a 52 week low of $31.49 and a 52 week high of $68.74. The business’s 50 day moving average is $38.03 and its 200-day moving average is $40.59.

Bitwise Bitcoin ETF 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.