Kovitz Investment Group Partners LLC Purchases 1,054 Shares of Bitwise Bitcoin ETF (NYSEARCA:BITB)

Kovitz Investment Group Partners LLC grew its holdings in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,570 shares of the company’s stock after acquiring an additional 1,054 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Bitwise Bitcoin ETF were worth $2,114,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in BITB. Gleason Group Inc. acquired a new stake in Bitwise Bitcoin ETF during the fourth quarter worth approximately $25,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Bitwise Bitcoin ETF during the 4th quarter worth approximately $56,000. Signaturefd LLC increased its stake in shares of Bitwise Bitcoin ETF by 819.7% in the 4th quarter. Signaturefd LLC now owns 1,214 shares of the company’s stock valued at $62,000 after acquiring an additional 1,082 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Bitwise Bitcoin ETF in the 4th quarter valued at $66,000. Finally, Hollencrest Capital Management lifted its position in shares of Bitwise Bitcoin ETF by 257.2% during the 4th quarter. Hollencrest Capital Management now owns 1,518 shares of the company’s stock valued at $77,000 after acquiring an additional 1,093 shares during the period.

Bitwise Bitcoin ETF Stock Performance

NYSEARCA:BITB opened at $51.59 on Tuesday. Bitwise Bitcoin ETF has a 12 month low of $27.02 and a 12 month high of $59.07. The firm has a fifty day simple moving average of $46.69 and a two-hundred day simple moving average of $48.75.

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.