JBR Co Financial Management Inc Invests $218,000 in Bitwise Bitcoin ETF (NYSEARCA:BITB)

JBR Co Financial Management Inc purchased a new position in Bitwise Bitcoin ETF (NYSEARCA:BITB) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 4,281 shares of the company’s stock, valued at approximately $218,000.

A number of other institutional investors also recently made changes to their positions in the stock. VisionPoint Advisory Group LLC acquired a new stake in shares of Bitwise Bitcoin ETF in the 4th quarter worth approximately $56,000. PYA Waltman Capital LLC acquired a new stake in Bitwise Bitcoin ETF during the fourth quarter valued at approximately $240,000. Ieq Capital LLC lifted its stake in Bitwise Bitcoin ETF by 66.1% during the fourth quarter. Ieq Capital LLC now owns 57,247 shares of the company’s stock valued at $2,911,000 after purchasing an additional 22,782 shares during the last quarter. Private Advisor Group LLC acquired a new stake in Bitwise Bitcoin ETF during the fourth quarter valued at approximately $532,000. Finally, Pasadena Private Wealth LLC acquired a new stake in Bitwise Bitcoin ETF during the fourth quarter valued at approximately $294,000.

Bitwise Bitcoin ETF Price Performance

BITB stock opened at $51.63 on Friday. Bitwise Bitcoin ETF has a 12 month low of $27.02 and a 12 month high of $59.07. The firm has a 50 day simple moving average of $53.69 and a 200 day simple moving average of $44.10.

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.