Bitwise Bitcoin ETF $BITB Stock Holdings Raised by Magnus Financial Group LLC

Magnus Financial Group LLC grew its holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 11.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 360,534 shares of the company’s stock after purchasing an additional 37,308 shares during the quarter. Bitwise Bitcoin ETF comprises 1.1% of Magnus Financial Group LLC’s portfolio, making the stock its 22nd biggest holding. Magnus Financial Group LLC owned approximately 0.53% of Bitwise Bitcoin ETF worth $16,354,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in BITB. PNC Financial Services Group Inc. boosted its stake in Bitwise Bitcoin ETF by 19.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 928,886 shares of the company’s stock valued at $34,192,000 after purchasing an additional 153,599 shares during the period. Bank of America Corp DE boosted its position in shares of Bitwise Bitcoin ETF by 134.2% in the first quarter. Bank of America Corp DE now owns 216,907 shares of the company’s stock valued at $7,984,000 after acquiring an additional 124,299 shares during the period. RPg Family Wealth Advisory LLC boosted its position in shares of Bitwise Bitcoin ETF by 64.4% in the second quarter. RPg Family Wealth Advisory LLC now owns 299,597 shares of the company’s stock valued at $9,545,000 after acquiring an additional 117,411 shares during the period. RFG Advisory LLC boosted its position in shares of Bitwise Bitcoin ETF by 1,836.4% in the first quarter. RFG Advisory LLC now owns 84,582 shares of the company’s stock valued at $3,113,000 after acquiring an additional 80,214 shares during the period. Finally, Sanctuary Advisors LLC grew its stake in shares of Bitwise Bitcoin ETF by 55.9% in the first quarter. Sanctuary Advisors LLC now owns 190,617 shares of the company’s stock worth $7,017,000 after acquiring an additional 68,335 shares during the last quarter.

Bitwise Bitcoin ETF Stock Performance

Shares of Bitwise Bitcoin ETF stock opened at $45.82 on Thursday. Bitwise Bitcoin ETF has a 1 year low of $31.49 and a 1 year high of $63.16. The company’s fifty day simple moving average is $43.04 and its 200-day simple moving average is $39.40.

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.