Magnolia Capital Advisors LLC Purchases 2,867 Shares of Bitwise Bitcoin ETF (NYSEARCA:BITB)

Magnolia Capital Advisors LLC raised its position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 3.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 91,604 shares of the company’s stock after purchasing an additional 2,867 shares during the quarter. Bitwise Bitcoin ETF accounts for about 2.3% of Magnolia Capital Advisors LLC’s investment portfolio, making the stock its 11th biggest holding. Magnolia Capital Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $4,658,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. HBK Investments L P boosted its holdings in shares of Bitwise Bitcoin ETF by 5.7% in the third quarter. HBK Investments L P now owns 850,554 shares of the company’s stock worth $29,421,000 after buying an additional 46,124 shares during the last quarter. IMC Chicago LLC boosted its holdings in shares of Bitwise Bitcoin ETF by 9.3% in the third quarter. IMC Chicago LLC now owns 646,743 shares of the company’s stock worth $22,371,000 after buying an additional 55,092 shares during the last quarter. RPO LLC lifted its holdings in Bitwise Bitcoin ETF by 3.2% during the third quarter. RPO LLC now owns 304,385 shares of the company’s stock valued at $10,529,000 after purchasing an additional 9,300 shares in the last quarter. Orion Portfolio Solutions LLC lifted its holdings in Bitwise Bitcoin ETF by 4,033.4% during the third quarter. Orion Portfolio Solutions LLC now owns 277,100 shares of the company’s stock valued at $9,585,000 after purchasing an additional 270,396 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC lifted its holdings in Bitwise Bitcoin ETF by 1.4% during the third quarter. RPg Family Wealth Advisory LLC now owns 228,807 shares of the company’s stock valued at $7,914,000 after purchasing an additional 3,220 shares in the last quarter.

Bitwise Bitcoin ETF Stock Down 3.1 %

Shares of NYSEARCA:BITB opened at $55.26 on Monday. Bitwise Bitcoin ETF has a 1-year low of $23.03 and a 1-year high of $59.07. The firm’s 50 day simple moving average is $53.79 and its two-hundred day simple moving average is $42.22.

Bitwise Bitcoin ETF 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.