Salus Financial Advisors LLC Has $2.31 Million Stake in Bitwise Bitcoin ETF $BITB

Salus Financial Advisors LLC boosted its stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 16.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 39,462 shares of the company’s stock after buying an additional 5,572 shares during the quarter. Bitwise Bitcoin ETF comprises approximately 1.6% of Salus Financial Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Salus Financial Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $2,312,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Moisand Fitzgerald Tamayo LLC raised its position in shares of Bitwise Bitcoin ETF by 2.8% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 5,999 shares of the company’s stock worth $351,000 after acquiring an additional 164 shares during the last quarter. FF Advisors LLC boosted its holdings in Bitwise Bitcoin ETF by 0.6% in the second quarter. FF Advisors LLC now owns 36,314 shares of the company’s stock valued at $2,128,000 after acquiring an additional 226 shares during the last quarter. Focus Partners Wealth increased its position in Bitwise Bitcoin ETF by 0.8% during the 1st quarter. Focus Partners Wealth now owns 29,358 shares of the company’s stock valued at $1,318,000 after purchasing an additional 244 shares during the period. Personal CFO Solutions LLC raised its holdings in Bitwise Bitcoin ETF by 5.4% during the 1st quarter. Personal CFO Solutions LLC now owns 4,935 shares of the company’s stock worth $221,000 after purchasing an additional 251 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in Bitwise Bitcoin ETF by 2.4% during the 1st quarter. Private Advisor Group LLC now owns 10,715 shares of the company’s stock worth $481,000 after purchasing an additional 256 shares during the last quarter.

Bitwise Bitcoin ETF Stock Down 1.7%

NYSEARCA:BITB opened at $57.88 on Monday. The firm’s fifty day moving average is $62.37 and its 200-day moving average is $58.53. Bitwise Bitcoin ETF has a 52 week low of $35.49 and a 52 week high of $68.74.

About Bitwise Bitcoin ETF

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.