Shares of Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ – Get Free Report) traded down 2.7% during mid-day trading on Monday. The company traded as low as $26.27 and last traded at $26.27. Approximately 36,695 shares were traded during mid-day trading, a decline of 78% from the average session volume of 165,590 shares. The stock had previously closed at $27.00.
Bitwise Crypto Industry Innovators ETF Price Performance
The stock has a 50 day simple moving average of $24.73 and a two-hundred day simple moving average of $24.40. The company has a market cap of $456.57 million, a price-to-earnings ratio of 27.61 and a beta of 3.14.
Institutional Investors Weigh In On Bitwise Crypto Industry Innovators ETF
A number of institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp increased its holdings in Bitwise Crypto Industry Innovators ETF by 88.3% in the 1st quarter. Fifth Third Bancorp now owns 1,966 shares of the company’s stock valued at $37,000 after purchasing an additional 922 shares during the last quarter. Sankala Group LLC acquired a new position in Bitwise Crypto Industry Innovators ETF during the fourth quarter worth $60,000. Harbour Investments Inc. acquired a new position in Bitwise Crypto Industry Innovators ETF during the fourth quarter worth $124,000. HB Wealth Management LLC purchased a new position in shares of Bitwise Crypto Industry Innovators ETF during the second quarter worth $208,000. Finally, Burney Co. purchased a new position in shares of Bitwise Crypto Industry Innovators ETF during the first quarter worth $209,000.
About Bitwise Crypto Industry Innovators ETF
The Bitwise Crypto Industry Innovators ETF (BITQ) is an exchange-traded fund that is based on the Bitwise Crypto Innovators 30 index. The fund is passively managed to track a modified market-cap-weighted index of global companies supporting a crypto-asset-enabled decentralized economy. BITQ was launched on May 11, 2021 and is managed by Bitwise.
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