Bitwise Bitcoin ETF (NYSEARCA:BITB) Shares Bought by Traphagen Investment Advisors LLC

Traphagen Investment Advisors LLC grew its position in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,449 shares of the company’s stock after purchasing an additional 3,740 shares during the period. Bitwise Bitcoin ETF makes up approximately 0.5% of Traphagen Investment Advisors LLC’s holdings, making the stock its 25th largest holding. Traphagen Investment Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $5,100,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cedrus LLC lifted its holdings in shares of Bitwise Bitcoin ETF by 12.8% during the 3rd quarter. Cedrus LLC now owns 21,196 shares of the company’s stock valued at $733,000 after acquiring an additional 2,397 shares in the last quarter. Embree Financial Group lifted its stake in shares of Bitwise Bitcoin ETF by 5.7% during the third quarter. Embree Financial Group now owns 50,245 shares of the company’s stock worth $1,738,000 after purchasing an additional 2,730 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of Bitwise Bitcoin ETF by 22.0% during the third quarter. Global Retirement Partners LLC now owns 16,196 shares of the company’s stock worth $560,000 after purchasing an additional 2,918 shares in the last quarter. Sunpointe LLC purchased a new stake in shares of Bitwise Bitcoin ETF in the third quarter worth about $241,000. Finally, Creative Planning raised its holdings in shares of Bitwise Bitcoin ETF by 22.9% during the 3rd quarter. Creative Planning now owns 49,014 shares of the company’s stock valued at $1,695,000 after buying an additional 9,139 shares during the period.

Bitwise Bitcoin ETF Stock Performance

Bitwise Bitcoin ETF stock traded down $0.16 during midday trading on Tuesday, hitting $36.76. 498,298 shares of the company were exchanged, compared to its average volume of 2,356,502. Bitwise Bitcoin ETF has a fifty-two week low of $21.05 and a fifty-two week high of $40.16. The company’s fifty day moving average price is $33.41 and its 200-day moving average price is $34.47.

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.