Balboa Wealth Partners Buys Shares of 4,099 Bitwise Bitcoin ETF $BITB

Balboa Wealth Partners acquired a new position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) in the 2nd quarter, HoldingsChannel reports. The fund acquired 4,099 shares of the company’s stock, valued at approximately $240,000.

Several other large investors also recently modified their holdings of BITB. First Horizon Advisors Inc. acquired a new stake in shares of Bitwise Bitcoin ETF during the 1st quarter worth approximately $34,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Bitwise Bitcoin ETF during the 1st quarter worth approximately $34,000. WPG Advisers LLC acquired a new stake in shares of Bitwise Bitcoin ETF during the 1st quarter worth approximately $38,000. Ameritas Advisory Services LLC acquired a new stake in shares of Bitwise Bitcoin ETF during the 2nd quarter worth approximately $46,000. Finally, ROSS JOHNSON & Associates LLC grew its position in shares of Bitwise Bitcoin ETF by 207.4% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 2,087 shares of the company’s stock worth $94,000 after buying an additional 1,408 shares during the period.

Bitwise Bitcoin ETF Stock Up 0.9%

Shares of BITB stock opened at $60.84 on Wednesday. Bitwise Bitcoin ETF has a 52 week low of $35.49 and a 52 week high of $68.74. The firm has a 50 day moving average of $62.20 and a 200-day moving average of $58.65.

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.