23,567 Shares in Bitwise Bitcoin ETF $BITB Purchased by Broadhurst Jeffrey B

Broadhurst Jeffrey B bought a new stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 23,567 shares of the company’s stock, valued at approximately $868,000. Bitwise Bitcoin ETF comprises approximately 0.9% of Broadhurst Jeffrey B’s investment portfolio, making the stock its 26th biggest holding.

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

Bitwise Bitcoin ETF Stock Performance

Bitwise Bitcoin ETF stock opened at $34.84 on Friday. The company has a 50-day simple moving average of $35.76 and a 200-day simple moving average of $39.41. Bitwise Bitcoin ETF has a one year low of $31.49 and a one year 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.