Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Trading 4.6% Higher – Here’s What Happened

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) shares traded up 4.6% during mid-day trading on Friday . The company traded as high as $17.23 and last traded at $16.98. 96,548 shares were traded during trading, a decline of 30% from the average session volume of 137,602 shares. The stock had previously closed at $16.23.

Bitwise Crypto Industry Innovators ETF Stock Up 4.6%

The stock has a market capitalization of $200.87 million, a PE ratio of 15.45 and a beta of 3.12. The stock’s 50 day moving average price is $13.45 and its 200-day moving average price is $16.60.

Institutional Trading of Bitwise Crypto Industry Innovators ETF

A number of large investors have recently modified their holdings of BITQ. JPMorgan Chase & Co. lifted its stake in Bitwise Crypto Industry Innovators ETF by 6.8% in the third quarter. JPMorgan Chase & Co. now owns 112,026 shares of the company’s stock worth $1,493,000 after acquiring an additional 7,088 shares during the period. Clearstead Trust LLC lifted its stake in Bitwise Crypto Industry Innovators ETF by 100.0% in the fourth quarter. Clearstead Trust LLC now owns 2,312 shares of the company’s stock worth $39,000 after acquiring an additional 1,156 shares during the period. Farther Finance Advisors LLC lifted its stake in Bitwise Crypto Industry Innovators ETF by 59.2% in the fourth quarter. Farther Finance Advisors LLC now owns 2,754 shares of the company’s stock worth $47,000 after acquiring an additional 1,024 shares during the period. Rothschild Investment LLC lifted its stake in Bitwise Crypto Industry Innovators ETF by 10.6% in the fourth quarter. Rothschild Investment LLC now owns 18,250 shares of the company’s stock worth $308,000 after acquiring an additional 1,750 shares during the period. Finally, OLD Mission Capital LLC purchased a new stake in Bitwise Crypto Industry Innovators ETF in the fourth quarter worth about $175,000.

About Bitwise Crypto Industry Innovators ETF

The Bitwise Crypto Industry Innovators ETF (BITQ) is an exchange-traded fund that is based on the Bitwise Crypto Innovators 30 index. The fund is passively managed to track a modified market-cap-weighted index of global companies supporting a crypto-asset-enabled decentralized economy. BITQ was launched on May 11, 2021 and is managed by Bitwise.