Kingsview Wealth Management LLC Trims Stock Holdings in Bitwise Bitcoin ETF $BITB

Kingsview Wealth Management LLC decreased its holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 30.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,967 shares of the company’s stock after selling 28,245 shares during the period. Kingsview Wealth Management LLC owned 0.09% of Bitwise Bitcoin ETF worth $3,042,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Cary Street Partners Financial LLC increased its stake in shares of Bitwise Bitcoin ETF by 72.0% in the fourth quarter. Cary Street Partners Financial LLC now owns 13,069 shares of the company’s stock worth $622,000 after purchasing an additional 5,471 shares in the last quarter. Choate Investment Advisors increased its stake in shares of Bitwise Bitcoin ETF by 141.1% in the fourth quarter. Choate Investment Advisors now owns 22,711 shares of the company’s stock worth $1,080,000 after purchasing an additional 13,290 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Bitwise Bitcoin ETF by 262.4% in the fourth 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. Daviman Financial LLC purchased a new position in shares of Bitwise Bitcoin ETF in the fourth quarter worth about $313,000. Finally, Evoke Wealth LLC purchased a new position in shares of Bitwise Bitcoin ETF in the fourth quarter worth about $1,074,000.

Bitwise Bitcoin ETF Trading Up 0.1%

BITB opened at $39.87 on Friday. The firm has a 50-day moving average price of $40.49 and a 200-day moving average price of $43.52. Bitwise Bitcoin ETF has a twelve month low of $33.81 and a twelve month 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.