Mason & Associates Inc reduced its stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB – Free Report) by 39.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 23,858 shares of the company’s stock after selling 15,346 shares during the quarter. Mason & Associates Inc’s holdings in Bitwise Bitcoin ETF were worth $862,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. GeoWealth Management LLC purchased a new stake in shares of Bitwise Bitcoin ETF in the fourth quarter worth about $32,000. Founders Capital Management lifted its holdings in Bitwise Bitcoin ETF by 105.9% in the fourth quarter. Founders Capital Management now owns 700 shares of the company’s stock valued at $33,000 after acquiring an additional 360 shares during the period. Princeton Global Asset Management LLC acquired a new position in Bitwise Bitcoin ETF in the fourth quarter valued at approximately $34,000. Lodestone Wealth Management LLC purchased a new stake in Bitwise Bitcoin ETF in the 4th quarter worth approximately $38,000. Finally, EverSource Wealth Advisors LLC boosted its position in Bitwise Bitcoin ETF by 262.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 888 shares of the company’s stock worth $42,000 after purchasing an additional 643 shares in the last quarter.
Bitwise Bitcoin ETF Stock Up 1.6%
Shares of NYSEARCA BITB opened at $34.31 on Friday. Bitwise Bitcoin ETF has a 12 month low of $31.49 and a 12 month high of $68.74. The firm’s 50 day simple moving average is $37.58 and its 200-day simple moving average is $40.33.
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.
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Want to see what other hedge funds are holding BITB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bitwise Bitcoin ETF (NYSEARCA:BITB – Free Report).
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