Northwestern Mutual Wealth Management Co. Raises Stock Holdings in Bitwise Bitcoin ETF $BITB

Northwestern Mutual Wealth Management Co. boosted its holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 269,348.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 207,475 shares of the company’s stock after purchasing an additional 207,398 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Bitwise Bitcoin ETF were worth $9,868,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Strategic Family Wealth Counselors L.L.C. purchased a new position in Bitwise Bitcoin ETF in the fourth quarter valued at about $1,346,000. Concentrum Wealth Management boosted its holdings in Bitwise Bitcoin ETF by 97.0% in the fourth quarter. Concentrum Wealth Management now owns 20,086 shares of the company’s stock valued at $955,000 after purchasing an additional 9,892 shares during the last quarter. Trek Financial LLC boosted its holdings in Bitwise Bitcoin ETF by 28.9% in the fourth quarter. Trek Financial LLC now owns 21,179 shares of the company’s stock valued at $1,007,000 after purchasing an additional 4,748 shares during the last quarter. Certior Financial Group LLC boosted its holdings in Bitwise Bitcoin ETF by 6.5% in the fourth quarter. Certior Financial Group LLC now owns 8,009 shares of the company’s stock valued at $381,000 after purchasing an additional 487 shares during the last quarter. Finally, Bryn Mawr Trust Advisors LLC boosted its holdings in Bitwise Bitcoin ETF by 42.5% in the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 19,326 shares of the company’s stock valued at $919,000 after purchasing an additional 5,763 shares during the last quarter.

Bitwise Bitcoin ETF Price Performance

Shares of BITB opened at $42.14 on Friday. Bitwise Bitcoin ETF has a one year low of $33.81 and a one year high of $68.74. The stock has a 50-day moving average price of $40.31 and a 200 day moving average price of $44.08.

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.