46,663 Shares in Bitwise Bitcoin ETF (NYSEARCA:BITB) Purchased by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC acquired a new position in Bitwise Bitcoin ETF (NYSEARCA:BITB) during the 4th quarter, HoldingsChannel reports. The fund acquired 46,663 shares of the company’s stock, valued at approximately $2,373,000.

Several other institutional investors also recently bought and sold shares of BITB. Gleason Group Inc. purchased a new position in Bitwise Bitcoin ETF in the 4th quarter worth approximately $25,000. Fairway Wealth LLC lifted its stake in Bitwise Bitcoin ETF by 258.1% in the 3rd quarter. Fairway Wealth LLC now owns 1,110 shares of the company’s stock worth $38,000 after purchasing an additional 800 shares in the last quarter. Morton Capital Management LLC CA lifted its stake in Bitwise Bitcoin ETF by 11.6% in the 3rd quarter. Morton Capital Management LLC CA now owns 8,566 shares of the company’s stock worth $296,000 after purchasing an additional 892 shares in the last quarter. Silver Oak Securities Incorporated lifted its stake in Bitwise Bitcoin ETF by 9.9% in the 3rd quarter. Silver Oak Securities Incorporated now owns 11,407 shares of the company’s stock worth $408,000 after purchasing an additional 1,027 shares in the last quarter. Finally, Gunderson Capital Management Inc. lifted its stake in Bitwise Bitcoin ETF by 16.2% in the 4th quarter. Gunderson Capital Management Inc. now owns 7,891 shares of the company’s stock worth $401,000 after purchasing an additional 1,100 shares in the last quarter.

Bitwise Bitcoin ETF Price Performance

BITB opened at $54.68 on Friday. The company’s 50 day simple moving average is $52.24 and its two-hundred day simple moving average is $40.43. Bitwise Bitcoin ETF has a 1-year low of $21.05 and a 1-year 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.