Intellectus Partners LLC Has $440,000 Stock Holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Intellectus Partners LLC raised its holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 5.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 9,800 shares of the company’s stock after acquiring an additional 550 shares during the period. Intellectus Partners LLC’s holdings in Bitwise Bitcoin ETF were worth $440,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lake Street Private Wealth LLC boosted its position in shares of Bitwise Bitcoin ETF by 13.5% in the first quarter. Lake Street Private Wealth LLC now owns 28,178 shares of the company’s stock valued at $1,265,000 after acquiring an additional 3,361 shares during the period. Leverty Financial Group LLC increased its holdings in shares of Bitwise Bitcoin ETF by 18.6% during the 1st quarter. Leverty Financial Group LLC now owns 4,908 shares of the company’s stock worth $220,000 after purchasing an additional 771 shares during the period. Gunderson Capital Management Inc. raised its position in shares of Bitwise Bitcoin ETF by 4.7% during the first quarter. Gunderson Capital Management Inc. now owns 8,259 shares of the company’s stock valued at $371,000 after buying an additional 368 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Bitwise Bitcoin ETF by 308.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 112,188 shares of the company’s stock valued at $5,705,000 after buying an additional 84,746 shares during the last quarter. Finally, Revisor Wealth Management LLC bought a new stake in shares of Bitwise Bitcoin ETF in the fourth quarter valued at about $225,000.

Bitwise Bitcoin ETF Price Performance

BITB stock opened at $56.76 on Friday. Bitwise Bitcoin ETF has a twelve month low of $27.02 and a twelve month high of $60.98. The business’s 50-day simple moving average is $52.04 and its 200 day simple moving average is $51.70.

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.