Kingsview Wealth Management LLC Grows Position in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Kingsview Wealth Management LLC grew its position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 417.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 47,940 shares of the company’s stock after purchasing an additional 38,684 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Bitwise Bitcoin ETF were worth $2,438,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Gleason Group Inc. purchased a new position in Bitwise Bitcoin ETF during the fourth quarter worth about $25,000. Fairway Wealth LLC boosted its stake in shares of 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 buying an additional 800 shares during the last quarter. Avior Wealth Management LLC bought a new position in shares of Bitwise Bitcoin ETF in the third quarter valued at approximately $69,000. Farther Finance Advisors LLC increased its position in shares of 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 acquiring an additional 2,460 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in Bitwise Bitcoin ETF by 381.5% during the third quarter. Allworth Financial LP now owns 2,557 shares of the company’s stock worth $88,000 after acquiring an additional 2,026 shares during the period.

Bitwise Bitcoin ETF Price Performance

BITB stock opened at $52.17 on Monday. The stock’s fifty day simple moving average is $53.94 and its two-hundred day simple moving average is $42.84. Bitwise Bitcoin ETF has a 1-year low of $24.49 and a 1-year high of $59.07.

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.