Prime Capital Investment Advisors LLC Sells 867 Shares of Bitwise Bitcoin ETF $BITB

Prime Capital Investment Advisors LLC cut its stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 13.8% in the second quarter, Holdings Channel.com reports. The firm owned 5,435 shares of the company’s stock after selling 867 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. bought a new stake in Bitwise Bitcoin ETF in the 1st quarter valued at $34,000. Wealth Preservation Advisors LLC bought a new stake in Bitwise Bitcoin ETF in the 1st quarter valued at $34,000. WPG Advisers LLC bought a new stake in Bitwise Bitcoin ETF in the 1st quarter valued at $38,000. Ameritas Advisory Services LLC bought a new stake in Bitwise Bitcoin ETF in the 2nd quarter valued at $46,000. Finally, ROSS JOHNSON & Associates LLC boosted its holdings in Bitwise Bitcoin ETF by 207.4% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 2,087 shares of the company’s stock valued at $94,000 after purchasing an additional 1,408 shares during the period.

Bitwise Bitcoin ETF Price Performance

Shares of Bitwise Bitcoin ETF stock opened at $63.40 on Friday. Bitwise Bitcoin ETF has a fifty-two week low of $33.45 and a fifty-two week high of $68.74. The firm has a fifty day moving average price of $62.63 and a two-hundred day moving average price of $57.95.

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.