Salus Financial Advisors LLC grew its stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB – Free Report) by 80.7% in the 1st quarter, HoldingsChannel reports. The fund owned 79,276 shares of the company’s stock after purchasing an additional 35,403 shares during the quarter. Bitwise Bitcoin ETF makes up 1.7% of Salus Financial Advisors LLC’s investment portfolio, making the stock its 13th largest position. Salus Financial Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $2,918,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently made changes to their positions in the company. GeoWealth Management LLC acquired a new stake in Bitwise Bitcoin ETF during the 4th quarter worth approximately $32,000. Founders Capital Management grew its holdings in Bitwise Bitcoin ETF by 105.9% in the 4th quarter. Founders Capital Management now owns 700 shares of the company’s stock valued at $33,000 after buying an additional 360 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in Bitwise Bitcoin ETF in the 4th quarter valued at $34,000. Lodestone Wealth Management LLC bought a new position in Bitwise Bitcoin ETF during the 4th quarter worth $38,000. Finally, EverSource Wealth Advisors LLC increased its position in Bitwise Bitcoin ETF by 262.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 888 shares of the company’s stock worth $42,000 after buying an additional 643 shares during the period.
Bitwise Bitcoin ETF Price Performance
Shares of Bitwise Bitcoin ETF stock opened at $31.86 on Wednesday. The firm has a 50-day moving average of $38.70 and a 200-day moving average of $41.01. Bitwise Bitcoin ETF has a 52-week low of $31.49 and a 52-week high of $68.74.
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.
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