Beaird Harris Wealth Management LLC Increases Stock Position in Bitwise Bitcoin ETF $BITB

Beaird Harris Wealth Management LLC lifted its stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 18.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 768,789 shares of the company’s stock after purchasing an additional 122,276 shares during the period. Bitwise Bitcoin ETF accounts for 2.5% of Beaird Harris Wealth Management LLC’s holdings, making the stock its 16th biggest position. Beaird Harris Wealth Management LLC’s holdings in Bitwise Bitcoin ETF were worth $36,564,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. GeoWealth Management LLC bought a new position in Bitwise Bitcoin ETF during the fourth quarter valued at approximately $32,000. Founders Capital Management boosted its holdings in Bitwise Bitcoin ETF by 105.9% in the fourth quarter. Founders Capital Management now owns 700 shares of the company’s stock worth $33,000 after purchasing an additional 360 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in Bitwise Bitcoin ETF in the fourth quarter worth approximately $34,000. Lodestone Wealth Management LLC bought a new stake in Bitwise Bitcoin ETF in the 4th quarter worth approximately $38,000. Finally, EverSource Wealth Advisors LLC grew its position in Bitwise Bitcoin ETF by 262.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 888 shares of the company’s stock worth $42,000 after purchasing an additional 643 shares during the period.

Bitwise Bitcoin ETF Trading Down 2.1%

Shares of BITB opened at $34.13 on Friday. The firm has a fifty day simple moving average of $39.85 and a two-hundred day simple moving average of $41.93. Bitwise Bitcoin ETF has a 1-year low of $32.10 and a 1-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.