Beam Wealth Advisors Inc. Has $6.64 Million Stock Position in Bitwise Bitcoin ETF $BITB

Beam Wealth Advisors Inc. raised its position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 13.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 106,786 shares of the company’s stock after purchasing an additional 12,855 shares during the quarter. Bitwise Bitcoin ETF makes up approximately 1.8% of Beam Wealth Advisors Inc.’s investment portfolio, making the stock its 11th largest holding. Beam Wealth Advisors Inc. owned approximately 0.15% of Bitwise Bitcoin ETF worth $6,644,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Trust Co. NA acquired a new stake in shares of Bitwise Bitcoin ETF during the third quarter worth $29,000. North Star Investment Management Corp. grew its holdings in Bitwise Bitcoin ETF by 85.6% during the 3rd quarter. North Star Investment Management Corp. now owns 618 shares of the company’s stock worth $38,000 after acquiring an additional 285 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Bitwise Bitcoin ETF in the 2nd quarter worth about $46,000. Geneos Wealth Management Inc. lifted its stake in shares of Bitwise Bitcoin ETF by 722.1% in the 3rd quarter. Geneos Wealth Management Inc. now owns 781 shares of the company’s stock valued at $49,000 after purchasing an additional 686 shares during the period. Finally, Root Financial Partners LLC acquired a new position in shares of Bitwise Bitcoin ETF in the 3rd quarter valued at about $52,000.

Bitwise Bitcoin ETF Stock Down 2.1%

NYSEARCA BITB opened at $41.47 on Wednesday. The business has a 50 day simple moving average of $48.52 and a 200 day simple moving average of $56.27. Bitwise Bitcoin ETF has a one year low of $39.58 and a one year high of $68.74.

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.