Kesler Norman & Wride LLC Purchases New Stake in Bitwise Bitcoin ETF $BITB

Kesler Norman & Wride LLC purchased a new stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) in the 4th quarter, HoldingsChannel reports. The fund purchased 100,358 shares of the company’s stock, valued at approximately $4,773,000.

Several other hedge funds have also bought and sold shares of BITB. Elequin Capital LP grew its position in Bitwise Bitcoin ETF by 962.9% in the 3rd quarter. Elequin Capital LP now owns 393,733 shares of the company’s stock valued at $24,498,000 after purchasing an additional 356,688 shares during the period. Tidal Investments LLC grew its position in Bitwise Bitcoin ETF by 168.9% in the 3rd quarter. Tidal Investments LLC now owns 532,269 shares of the company’s stock valued at $33,118,000 after purchasing an additional 334,296 shares during the period. Consolidated Portfolio Review Corp grew its position in Bitwise Bitcoin ETF by 2,352.8% in the 4th quarter. Consolidated Portfolio Review Corp now owns 336,325 shares of the company’s stock valued at $15,996,000 after purchasing an additional 322,613 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Bitwise Bitcoin ETF by 269,348.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 207,475 shares of the company’s stock valued at $9,868,000 after purchasing an additional 207,398 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in Bitwise Bitcoin ETF by 38.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 693,101 shares of the company’s stock worth $43,125,000 after acquiring an additional 191,146 shares during the last quarter.

Bitwise Bitcoin ETF Price Performance

BITB opened at $36.49 on Wednesday. The company’s 50-day moving average is $40.51 and its 200 day moving average is $43.30. Bitwise Bitcoin ETF has a fifty-two week low of $33.81 and a fifty-two week 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.