Meitav Investment House Ltd. Has $3.20 Million Position in Bitwise Bitcoin ETF $BITB

Meitav Investment House Ltd. increased its holdings in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 45.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,884 shares of the company’s stock after purchasing an additional 26,989 shares during the period. Meitav Investment House Ltd.’s holdings in Bitwise Bitcoin ETF were worth $3,198,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. GeoWealth Management LLC acquired a new stake in Bitwise Bitcoin ETF during the 4th quarter worth approximately $32,000. Founders Capital Management boosted its holdings in shares of Bitwise Bitcoin ETF by 105.9% in the fourth quarter. Founders Capital Management now owns 700 shares of the company’s stock valued at $33,000 after buying an additional 360 shares during the period. Princeton Global Asset Management LLC bought a new stake in shares of Bitwise Bitcoin ETF during the fourth quarter worth $34,000. Lodestone Wealth Management LLC bought a new stake in shares of Bitwise Bitcoin ETF during the fourth quarter worth $38,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Bitwise Bitcoin ETF by 262.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 888 shares of the company’s stock worth $42,000 after acquiring an additional 643 shares during the period.

Bitwise Bitcoin ETF Price Performance

Shares of NYSEARCA:BITB remained flat at $34.58 during midday trading on Tuesday. 553,844 shares of the company were exchanged, compared to its average volume of 2,717,488. Bitwise Bitcoin ETF has a fifty-two week low of $31.49 and a fifty-two week high of $68.74. The stock’s fifty day moving average price is $38.03 and its two-hundred day moving average price is $40.59.

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.