Concentrum Wealth Management Purchases New Position in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Concentrum Wealth Management acquired a new position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,897 shares of the company’s stock, valued at approximately $402,000.

Several other institutional investors and hedge funds also recently modified their holdings of BITB. Gleason Group Inc. purchased a new position in shares of Bitwise Bitcoin ETF in the fourth quarter valued at $25,000. VisionPoint Advisory Group LLC purchased a new position in Bitwise Bitcoin ETF in the 4th quarter valued at about $56,000. Signaturefd LLC grew its stake in shares of Bitwise Bitcoin ETF by 819.7% during the fourth quarter. Signaturefd LLC now owns 1,214 shares of the company’s stock valued at $62,000 after acquiring an additional 1,082 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Bitwise Bitcoin ETF during the fourth quarter worth about $66,000. Finally, Hollencrest Capital Management lifted its stake in shares of Bitwise Bitcoin ETF by 257.2% in the fourth quarter. Hollencrest Capital Management now owns 1,518 shares of the company’s stock worth $77,000 after acquiring an additional 1,093 shares in the last quarter.

Bitwise Bitcoin ETF Price Performance

Shares of BITB opened at $45.69 on Monday. Bitwise Bitcoin ETF has a one year low of $27.02 and a one year high of $59.07. The stock has a 50-day moving average price of $49.26 and a 200 day moving average price of $47.28.

About Bitwise Bitcoin ETF

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.