Pasadena Private Wealth LLC Takes $294,000 Position in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Pasadena Private Wealth LLC bought a new stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,780 shares of the company’s stock, valued at approximately $294,000.

Other large investors have also added to or reduced their stakes in the company. Gleason Group Inc. purchased a new position in shares of Bitwise Bitcoin ETF in the fourth quarter worth approximately $25,000. Fairway Wealth LLC grew its position in shares of 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 purchasing an additional 800 shares in the last quarter. Avior Wealth Management LLC bought a new stake in Bitwise Bitcoin ETF in the 3rd quarter worth approximately $69,000. Farther Finance Advisors LLC raised its stake in Bitwise Bitcoin ETF by 6,150.0% during the third quarter. Farther Finance Advisors LLC now owns 2,500 shares of the company’s stock valued at $86,000 after purchasing an additional 2,460 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Bitwise Bitcoin ETF by 381.5% in the 3rd quarter. Allworth Financial LP now owns 2,557 shares of the company’s stock valued at $88,000 after acquiring an additional 2,026 shares during the last quarter.

Bitwise Bitcoin ETF Stock Down 3.3 %

NYSEARCA BITB opened at $51.25 on Wednesday. Bitwise Bitcoin ETF has a 52 week low of $27.02 and a 52 week high of $59.07. The company has a fifty day moving average of $53.86 and a two-hundred day moving average of $43.70.

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.