Modern Wealth Management LLC Buys 1,832 Shares of Bitwise Bitcoin ETF (NYSEARCA:BITB)

Modern Wealth Management LLC lifted its stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 28.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,166 shares of the company’s stock after purchasing an additional 1,832 shares during the quarter. Modern Wealth Management LLC’s holdings in Bitwise Bitcoin ETF were worth $433,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in shares of Bitwise Bitcoin ETF during the third quarter valued at about $341,000. CreativeOne Wealth LLC bought a new position in Bitwise Bitcoin ETF in the 3rd quarter valued at approximately $259,000. Brookstone Capital Management boosted its position in Bitwise Bitcoin ETF by 48.9% during the 4th quarter. Brookstone Capital Management now owns 17,413 shares of the company’s stock worth $885,000 after buying an additional 5,720 shares during the period. TRUE Private Wealth Advisors grew its holdings in Bitwise Bitcoin ETF by 9.2% during the 3rd quarter. TRUE Private Wealth Advisors now owns 17,442 shares of the company’s stock worth $603,000 after acquiring an additional 1,471 shares during the last quarter. Finally, Gunderson Capital Management Inc. grew its holdings in Bitwise Bitcoin ETF by 16.2% during the 4th quarter. Gunderson Capital Management Inc. now owns 7,891 shares of the company’s stock worth $401,000 after acquiring an additional 1,100 shares during the last quarter.

Bitwise Bitcoin ETF Stock Up 0.6 %

BITB stock opened at $47.38 on Friday. The company has a fifty day moving average price of $50.62 and a 200-day moving average price of $46.50. Bitwise Bitcoin ETF has a 52-week low of $27.02 and a 52-week high of $59.07.

About Bitwise Bitcoin ETF

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.