PNC Financial Services Group Inc. lifted its holdings in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB – Free Report) by 11.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 775,287 shares of the company’s stock after buying an additional 82,186 shares during the period. PNC Financial Services Group Inc.’s holdings in Bitwise Bitcoin ETF were worth $36,873,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of BITB. Brighton Jones LLC bought a new stake in shares of Bitwise Bitcoin ETF during the 4th quarter valued at about $516,000. Focus Partners Wealth grew its position in shares of Bitwise Bitcoin ETF by 0.8% during the 1st quarter. Focus Partners Wealth now owns 29,358 shares of the company’s stock valued at $1,318,000 after buying an additional 244 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Bitwise Bitcoin ETF by 1,519.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 50,076 shares of the company’s stock valued at $2,934,000 after buying an additional 46,983 shares during the last quarter. CW Advisors LLC bought a new stake in shares of Bitwise Bitcoin ETF during the 2nd quarter valued at about $228,000. Finally, First Trust Advisors LP grew its position in shares of Bitwise Bitcoin ETF by 21.9% during the 2nd quarter. First Trust Advisors LP now owns 102,571 shares of the company’s stock valued at $6,010,000 after buying an additional 18,397 shares during the last quarter.
Bitwise Bitcoin ETF Stock Down 0.0%
Shares of NYSEARCA:BITB opened at $42.14 on Friday. Bitwise Bitcoin ETF has a fifty-two week low of $33.81 and a fifty-two week high of $68.74. The firm has a 50-day simple moving average of $40.31 and a 200 day simple moving average of $44.08.
About Bitwise Bitcoin ETF
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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