Bitwise Bitcoin ETF $BITB Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 19.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 928,886 shares of the company’s stock after acquiring an additional 153,599 shares during the period. PNC Financial Services Group Inc. owned approximately 1.33% of Bitwise Bitcoin ETF worth $34,192,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. GeoWealth Management LLC acquired a new stake in Bitwise Bitcoin ETF in the fourth quarter worth approximately $32,000. Founders Capital Management boosted its stake in Bitwise Bitcoin ETF by 105.9% during the 4th quarter. Founders Capital Management now owns 700 shares of the company’s stock valued at $33,000 after purchasing an additional 360 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in shares of Bitwise Bitcoin ETF during the 4th quarter valued at $34,000. Lodestone Wealth Management LLC acquired a new position in shares of Bitwise Bitcoin ETF during the 4th quarter valued at $38,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Bitwise Bitcoin ETF by 262.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 888 shares of the company’s stock valued at $42,000 after purchasing an additional 643 shares during the period.

Bitwise Bitcoin ETF Price Performance

BITB opened at $35.15 on Friday. Bitwise Bitcoin ETF has a one year low of $31.49 and a one year high of $68.74. The stock’s fifty day moving average is $35.92 and its 200-day moving average is $39.44.

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.