Fischer Investment Strategies LLC Increases Stock Position in Bitwise Bitcoin ETF $BITB

Fischer Investment Strategies LLC raised its stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 94.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,010 shares of the company’s stock after purchasing an additional 18,017 shares during the quarter. Bitwise Bitcoin ETF accounts for about 1.4% of Fischer Investment Strategies LLC’s holdings, making the stock its 18th biggest holding. Fischer Investment Strategies LLC owned approximately 0.05% of Bitwise Bitcoin ETF worth $2,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of BITB. Moisand Fitzgerald Tamayo LLC raised its position in shares of Bitwise Bitcoin ETF by 2.8% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 5,999 shares of the company’s stock valued at $351,000 after buying an additional 164 shares in the last quarter. Gunderson Capital Management Inc. increased its stake in Bitwise Bitcoin ETF by 4.7% in the third quarter. Gunderson Capital Management Inc. now owns 4,120 shares of the company’s stock valued at $256,000 after acquiring an additional 184 shares during the last quarter. Advisory Resource Group raised its position in Bitwise Bitcoin ETF by 5.3% during the third quarter. Advisory Resource Group now owns 3,705 shares of the company’s stock valued at $231,000 after purchasing an additional 185 shares in the last quarter. Leverty Financial Group LLC raised its position in Bitwise Bitcoin ETF by 2.4% during the third quarter. Leverty Financial Group LLC now owns 9,409 shares of the company’s stock valued at $585,000 after purchasing an additional 224 shares in the last quarter. Finally, Focus Partners Wealth lifted its stake in Bitwise Bitcoin ETF by 0.8% during the first quarter. Focus Partners Wealth now owns 29,358 shares of the company’s stock worth $1,318,000 after purchasing an additional 244 shares during the last quarter.

Bitwise Bitcoin ETF Trading Down 2.6%

BITB opened at $51.72 on Friday. The stock has a 50-day moving average price of $49.51 and a 200-day moving average price of $57.60. Bitwise Bitcoin ETF has a 12-month low of $41.17 and a 12-month 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.