Apriem Advisors Purchases New Position in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Apriem Advisors acquired a new stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,218 shares of the company’s stock, valued at approximately $265,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Gleason Group Inc. acquired a new position in Bitwise Bitcoin ETF in the 4th quarter valued at $25,000. Fairway Wealth LLC boosted its holdings in Bitwise Bitcoin ETF by 258.1% during the third quarter. Fairway Wealth LLC now owns 1,110 shares of the company’s stock valued at $38,000 after acquiring an additional 800 shares during the period. VisionPoint Advisory Group LLC acquired a new stake in shares of Bitwise Bitcoin ETF in the fourth quarter valued at about $56,000. Avior Wealth Management LLC acquired a new stake in Bitwise Bitcoin ETF in the 3rd quarter valued at approximately $69,000. Finally, Farther Finance Advisors LLC increased its position in Bitwise Bitcoin ETF by 6,150.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,500 shares of the company’s stock worth $86,000 after buying an additional 2,460 shares during the period.

Bitwise Bitcoin ETF Stock Down 1.2 %

Shares of BITB stock opened at $45.36 on Friday. Bitwise Bitcoin ETF has a 1 year low of $27.02 and a 1 year high of $59.07. The firm’s fifty day simple moving average is $53.03 and its 200 day simple moving average is $44.55.

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.