Wealth Enhancement Advisory Services LLC reduced its position in Bitwise Bitcoin ETF (NYSEARCA:BITB – Free Report) by 7.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,747 shares of the company’s stock after selling 8,441 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.15% of Bitwise Bitcoin ETF worth $4,656,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of BITB. Brighton Jones LLC bought a new position in shares of Bitwise Bitcoin ETF in the fourth quarter valued at approximately $516,000. Sanctuary Advisors LLC lifted its position in Bitwise Bitcoin ETF by 94.9% during the fourth quarter. Sanctuary Advisors LLC now owns 19,186 shares of the company’s stock valued at $976,000 after purchasing an additional 9,341 shares during the last quarter. Private Advisor Group LLC bought a new stake in Bitwise Bitcoin ETF during the fourth quarter valued at approximately $532,000. Apriem Advisors bought a new stake in Bitwise Bitcoin ETF during the fourth quarter valued at approximately $265,000. Finally, WT Wealth Management bought a new stake in Bitwise Bitcoin ETF during the fourth quarter valued at approximately $981,000.
Bitwise Bitcoin ETF Trading Up 2.0%
Shares of Bitwise Bitcoin ETF stock opened at $58.66 on Thursday. Bitwise Bitcoin ETF has a 1 year low of $27.02 and a 1 year high of $60.98. The company has a 50 day simple moving average of $55.47 and a two-hundred day simple moving average of $52.15.
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.
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