Bitwise Bitcoin ETF $BITB Position Raised by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC raised its stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 14.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 105,980 shares of the company’s stock after buying an additional 13,070 shares during the period. Bitwise Bitcoin ETF makes up about 1.6% of Magnolia Capital Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Magnolia Capital Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $6,209,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Moisand Fitzgerald Tamayo LLC increased its holdings in shares of Bitwise Bitcoin ETF by 2.8% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 5,999 shares of the company’s stock valued at $351,000 after buying an additional 164 shares in the last quarter. FF Advisors LLC increased its holdings in shares of 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 buying an additional 226 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of Bitwise Bitcoin ETF by 0.8% in the first quarter. Focus Partners Wealth now owns 29,358 shares of the company’s stock valued at $1,318,000 after buying an additional 244 shares in the last quarter. Personal CFO Solutions LLC increased its holdings in shares of Bitwise Bitcoin ETF by 5.4% in the first quarter. Personal CFO Solutions LLC now owns 4,935 shares of the company’s stock valued at $221,000 after buying an additional 251 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Bitwise Bitcoin ETF by 2.4% in the first quarter. Private Advisor Group LLC now owns 10,715 shares of the company’s stock valued at $481,000 after buying an additional 256 shares in the last quarter.

Bitwise Bitcoin ETF Price Performance

Shares of NYSEARCA:BITB opened at $57.98 on Tuesday. The company’s fifty day moving average is $61.64 and its two-hundred day moving average is $59.83. Bitwise Bitcoin ETF has a 12-month low of $36.56 and a 12-month high of $68.74.

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.