Parr Mcknight Wealth Management Group LLC lifted its stake in Bitwise Bitcoin ETF (NYSEARCA:BITB – Free Report) by 138.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,644 shares of the company’s stock after purchasing an additional 16,645 shares during the period. Parr Mcknight Wealth Management Group LLC’s holdings in Bitwise Bitcoin ETF were worth $1,054,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its position in Bitwise Bitcoin ETF by 323.9% in the 4th quarter. Wells Fargo & Company MN now owns 821,082 shares of the company’s stock valued at $39,051,000 after buying an additional 627,405 shares during the period. Tidal Investments LLC increased its position in shares of Bitwise Bitcoin ETF by 168.9% during the third quarter. Tidal Investments LLC now owns 532,269 shares of the company’s stock worth $33,118,000 after acquiring an additional 334,296 shares during the period. Consolidated Portfolio Review Corp increased its position in shares of Bitwise Bitcoin ETF by 2,352.8% during the fourth quarter. Consolidated Portfolio Review Corp now owns 336,325 shares of the company’s stock worth $15,996,000 after acquiring an additional 322,613 shares during the period. Schonfeld Strategic Advisors LLC raised its stake in shares of Bitwise Bitcoin ETF by 40.0% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,105,512 shares of the company’s stock valued at $52,578,000 after acquiring an additional 315,860 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Bitwise Bitcoin ETF by 269,348.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 207,475 shares of the company’s stock valued at $9,868,000 after acquiring an additional 207,398 shares in the last quarter.
Bitwise Bitcoin ETF Trading Down 2.7%
Shares of NYSEARCA BITB opened at $33.78 on Tuesday. Bitwise Bitcoin ETF has a 52-week low of $31.49 and a 52-week high of $68.74. The stock has a 50 day moving average price of $37.30 and a 200 day moving average price of $40.14.
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.
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