NewEdge Advisors LLC Reduces Stock Holdings in VanEck Bitcoin ETF $HODL

NewEdge Advisors LLC lessened its holdings in shares of VanEck Bitcoin ETF (BATS:HODL) by 59.0% in the 1st quarter, HoldingsChannel reports. The firm owned 20,553 shares of the company’s stock after selling 29,553 shares during the quarter. NewEdge Advisors LLC’s holdings in VanEck Bitcoin ETF were worth $394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HODL. Evercore Wealth Management LLC purchased a new stake in VanEck Bitcoin ETF in the first quarter valued at $211,000. Wilkerson Advisory Group LLC raised its stake in shares of VanEck Bitcoin ETF by 112.5% during the 1st quarter. Wilkerson Advisory Group LLC now owns 2,951 shares of the company’s stock valued at $57,000 after buying an additional 1,562 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of VanEck Bitcoin ETF by 3.6% in the 1st quarter. Assetmark Inc. now owns 626,385 shares of the company’s stock valued at $12,002,000 after buying an additional 22,036 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of VanEck Bitcoin ETF in the 1st quarter valued at about $468,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of VanEck Bitcoin ETF by 44.3% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 19,603 shares of the company’s stock worth $376,000 after buying an additional 6,018 shares during the last quarter.

VanEck Bitcoin ETF Stock Performance

Shares of HODL opened at $21.78 on Friday. VanEck Bitcoin ETF has a 52 week low of $16.40 and a 52 week high of $35.76. The stock’s 50-day moving average price is $18.09 and its 200-day moving average price is $19.53.

VanEck Bitcoin ETF Profile

The VanEck Bitcoin Trust (HODL) is an exchange-traded fund that is based on the MarketVector Bitcoin Benchmark Rate index. The fund provides passive exposure to the price of Bitcoin through the purchase of shares, allowing investors to track the performance of Bitcoin without directly owning and managing the digital currency. HODL was launched on Jan 4, 2024 and is issued by VanEck.