Concentrum Wealth Management Invests $402,000 in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Concentrum Wealth Management acquired a new stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,897 shares of the company’s stock, valued at approximately $402,000.

Several other institutional investors and hedge funds have also modified their holdings of BITB. Proficio Capital Partners LLC grew its holdings in Bitwise Bitcoin ETF by 6,348.2% in the 4th quarter. Proficio Capital Partners LLC now owns 2,102,749 shares of the company’s stock valued at $106,925,000 after buying an additional 2,070,139 shares during the period. Orion Portfolio Solutions LLC grew its holdings in Bitwise Bitcoin ETF by 4,033.4% in 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 during the period. PNC Financial Services Group Inc. increased its position in Bitwise Bitcoin ETF by 137.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 306,887 shares of the company’s stock worth $15,605,000 after purchasing an additional 177,401 shares during the last quarter. Beaird Harris Wealth Management LLC raised its stake in Bitwise Bitcoin ETF by 135.7% during the third quarter. Beaird Harris Wealth Management LLC now owns 211,994 shares of the company’s stock worth $7,333,000 after purchasing an additional 122,045 shares during the period. Finally, Kedalion Capital Management LLP acquired a new position in shares of Bitwise Bitcoin ETF in the 4th quarter valued at $4,694,000.

Bitwise Bitcoin ETF Price Performance

Shares of NYSEARCA BITB opened at $45.69 on Monday. The firm has a fifty day moving average of $49.26 and a 200-day moving average of $47.28. Bitwise Bitcoin ETF has a 52-week low of $27.02 and a 52-week high of $59.07.

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.