Farther Finance Advisors LLC Sells 19,519 Shares of Bitwise Bitcoin ETF $BITB

Farther Finance Advisors LLC lessened its stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 56.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,812 shares of the company’s stock after selling 19,519 shares during the period. Farther Finance Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $704,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Gunderson Capital Management Inc. increased its holdings in Bitwise Bitcoin ETF by 4.7% during the third quarter. Gunderson Capital Management Inc. now owns 4,120 shares of the company’s stock valued at $256,000 after buying an additional 184 shares during the period. Advisory Resource Group increased its holdings in Bitwise Bitcoin ETF by 5.3% during the third quarter. Advisory Resource Group now owns 3,705 shares of the company’s stock valued at $231,000 after buying an additional 185 shares during the period. Weaver Consulting Group increased its holdings in Bitwise Bitcoin ETF by 5.7% during the third quarter. Weaver Consulting Group now owns 3,753 shares of the company’s stock valued at $234,000 after buying an additional 202 shares during the period. Focus Partners Wealth increased its holdings in Bitwise Bitcoin ETF by 0.8% during the first quarter. Focus Partners Wealth now owns 29,358 shares of the company’s stock valued at $1,318,000 after buying an additional 244 shares during the period. Finally, Captrust Financial Advisors increased its holdings in Bitwise Bitcoin ETF by 1.7% during the second quarter. Captrust Financial Advisors now owns 15,127 shares of the company’s stock valued at $886,000 after buying an additional 255 shares during the period.

Bitwise Bitcoin ETF Price Performance

Shares of BITB stock opened at $42.18 on Friday. The company’s 50 day moving average is $38.33 and its 200 day moving average is $46.51. Bitwise Bitcoin ETF has a 52-week low of $33.81 and a 52-week high of $68.74.

Bitwise Bitcoin ETF Company 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.