NewEdge Advisors LLC Buys 17,565 Shares of Bitwise Bitcoin ETF $BITB

NewEdge Advisors LLC grew its position in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 585,500.0% during the 1st quarter, HoldingsChannel reports. The fund owned 17,568 shares of the company’s stock after purchasing an additional 17,565 shares during the period. NewEdge Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $647,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC grew its holdings in Bitwise Bitcoin ETF by 2.9% during the 4th quarter. Millennium Management LLC now owns 3,605,179 shares of the company’s stock valued at $171,462,000 after purchasing an additional 102,140 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its stake in shares of Bitwise Bitcoin ETF by 40.0% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,105,512 shares of the company’s stock valued at $52,578,000 after buying an additional 315,860 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Bitwise Bitcoin ETF by 19.8% in the first quarter. PNC Financial Services Group Inc. now owns 928,886 shares of the company’s stock worth $34,192,000 after buying an additional 153,599 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Bitwise Bitcoin ETF by 323.9% in the fourth quarter. Wells Fargo & Company MN now owns 821,082 shares of the company’s stock worth $39,051,000 after buying an additional 627,405 shares during the period. Finally, Beaird Harris Wealth Management LLC lifted its stake in shares of Bitwise Bitcoin ETF by 18.9% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 768,789 shares of the company’s stock worth $36,564,000 after acquiring an additional 122,276 shares during the last quarter.

Bitwise Bitcoin ETF Stock Performance

BITB opened at $39.45 on Friday. The business has a fifty day moving average of $34.58 and a 200 day moving average of $37.42. Bitwise Bitcoin ETF has a 52-week low of $31.49 and a 52-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.