Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Stock Price Down 3.2% – What’s Next?

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ)’s share price traded down 3.2% on Friday . The stock traded as low as $20.61 and last traded at $20.72. 134,418 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 192,115 shares. The stock had previously closed at $21.41.

Bitwise Crypto Industry Innovators ETF Stock Down 3.2%

The stock has a 50-day simple moving average of $23.82 and a 200 day simple moving average of $22.45. The company has a market cap of $367.37 million, a PE ratio of 27.61 and a beta of 3.17.

Institutional Investors Weigh In On Bitwise Crypto Industry Innovators ETF

A number of institutional investors have recently made changes to their positions in BITQ. LRI Investments LLC lifted its holdings in shares of Bitwise Crypto Industry Innovators ETF by 510.5% in the 3rd quarter. LRI Investments LLC now owns 127,602 shares of the company’s stock worth $3,199,000 after acquiring an additional 106,702 shares during the last quarter. JPMorgan Chase & Co. raised its position in Bitwise Crypto Industry Innovators ETF by 8.7% in the second quarter. JPMorgan Chase & Co. now owns 111,870 shares of the company’s stock valued at $2,206,000 after purchasing an additional 8,991 shares during the period. Janney Montgomery Scott LLC raised its position in Bitwise Crypto Industry Innovators ETF by 6.2% in the second quarter. Janney Montgomery Scott LLC now owns 109,665 shares of the company’s stock valued at $2,163,000 after purchasing an additional 6,356 shares during the period. Advantage Trust Co acquired a new position in Bitwise Crypto Industry Innovators ETF during the second quarter worth $93,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Bitwise Crypto Industry Innovators ETF by 117.1% during the third quarter. Farther Finance Advisors LLC now owns 5,443 shares of the company’s stock worth $136,000 after buying an additional 2,936 shares during the period.

Bitwise Crypto Industry Innovators ETF Company Profile

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.