Magnus Financial Group LLC raised its holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB – Free Report) by 42.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 249,202 shares of the company’s stock after buying an additional 74,010 shares during the quarter. Bitwise Bitcoin ETF comprises 1.2% of Magnus Financial Group LLC’s holdings, making the stock its 18th largest position. Magnus Financial Group LLC owned 0.36% of Bitwise Bitcoin ETF worth $15,505,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of BITB. Private Trust Co. NA purchased a new position in shares of Bitwise Bitcoin ETF in the 3rd quarter valued at approximately $29,000. North Star Investment Management Corp. raised its holdings in shares of Bitwise Bitcoin ETF by 85.6% in the third quarter. North Star Investment Management Corp. now owns 618 shares of the company’s stock worth $38,000 after buying an additional 285 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Bitwise Bitcoin ETF by 722.1% during the third quarter. Geneos Wealth Management Inc. now owns 781 shares of the company’s stock worth $49,000 after buying an additional 686 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Bitwise Bitcoin ETF during the second quarter worth $46,000. Finally, Sound Income Strategies LLC grew its holdings in shares of Bitwise Bitcoin ETF by 66.5% during the third quarter. Sound Income Strategies LLC now owns 1,836 shares of the company’s stock valued at $121,000 after buying an additional 733 shares during the last quarter.
Bitwise Bitcoin ETF Stock Performance
Shares of BITB stock opened at $53.08 on Thursday. The business has a fifty day moving average of $49.57 and a 200 day moving average of $57.64. Bitwise Bitcoin ETF has a 1 year low of $41.17 and a 1 year high of $68.74.
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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