Stegent Equity Advisors Inc. Cuts Stock Position in Bitwise Bitcoin ETF $BITB

Stegent Equity Advisors Inc. cut its holdings in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 21.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,237 shares of the company’s stock after selling 3,068 shares during the period. Stegent Equity Advisors Inc.’s holdings in Bitwise Bitcoin ETF were worth $658,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Mason & Associates Inc increased its stake in shares of Bitwise Bitcoin ETF by 29.3% during the second quarter. Mason & Associates Inc now owns 12,220 shares of the company’s stock worth $716,000 after buying an additional 2,772 shares during the period. Salus Financial Advisors LLC increased its stake in shares of Bitwise Bitcoin ETF by 16.4% during the second quarter. Salus Financial Advisors LLC now owns 39,462 shares of the company’s stock worth $2,312,000 after buying an additional 5,572 shares during the period. Balboa Wealth Partners purchased a new stake in shares of Bitwise Bitcoin ETF during the second quarter worth approximately $240,000. Financial Guidance Group Inc. purchased a new stake in shares of Bitwise Bitcoin ETF during the second quarter worth approximately $516,000. Finally, CWM LLC increased its stake in shares of Bitwise Bitcoin ETF by 10.2% during the second quarter. CWM LLC now owns 212,807 shares of the company’s stock worth $12,468,000 after buying an additional 19,635 shares during the period.

Bitwise Bitcoin ETF Stock Performance

BITB stock opened at $60.16 on Friday. The company’s 50 day moving average price is $61.88 and its 200 day moving average price is $59.02. Bitwise Bitcoin ETF has a fifty-two week low of $35.88 and a fifty-two week high of $68.74.

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.