Advance Capital Management Inc. Increases Holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Advance Capital Management Inc. boosted its position in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 30.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,069 shares of the company’s stock after buying an additional 29,855 shares during the quarter. Bitwise Bitcoin ETF makes up approximately 0.3% of Advance Capital Management Inc.’s portfolio, making the stock its 19th biggest position. Advance Capital Management Inc.’s holdings in Bitwise Bitcoin ETF were worth $6,512,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Fairway Wealth LLC grew its holdings in shares of Bitwise Bitcoin ETF by 258.1% during the 3rd quarter. Fairway Wealth LLC now owns 1,110 shares of the company’s stock valued at $38,000 after purchasing an additional 800 shares during the last quarter. Morton Capital Management LLC CA boosted its holdings in Bitwise Bitcoin ETF by 11.6% during the 3rd quarter. Morton Capital Management LLC CA now owns 8,566 shares of the company’s stock valued at $296,000 after acquiring an additional 892 shares during the period. Silver Oak Securities Incorporated grew its position in Bitwise Bitcoin ETF by 9.9% during the 3rd quarter. Silver Oak Securities Incorporated now owns 11,407 shares of the company’s stock worth $408,000 after acquiring an additional 1,027 shares during the last quarter. Summit Wealth Partners LLC increased its stake in Bitwise Bitcoin ETF by 3.9% in the 3rd quarter. Summit Wealth Partners LLC now owns 32,277 shares of the company’s stock worth $1,116,000 after purchasing an additional 1,217 shares during the period. Finally, VitalStone Financial LLC lifted its position in Bitwise Bitcoin ETF by 18.1% in the second quarter. VitalStone Financial LLC now owns 8,156 shares of the company’s stock valued at $267,000 after purchasing an additional 1,251 shares during the last quarter.

Bitwise Bitcoin ETF Stock Performance

Shares of NYSEARCA:BITB traded up $2.09 during trading on Monday, reaching $55.66. 2,134,522 shares of the company traded hands, compared to its average volume of 1,981,889. Bitwise Bitcoin ETF has a 52-week low of $21.05 and a 52-week high of $59.07. The business’s fifty day moving average is $49.76 and its 200-day moving average is $39.26.

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.