Fischer Investment Strategies LLC Trims Stake in Bitwise Bitcoin ETF $BITB

Fischer Investment Strategies LLC lessened its stake in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 35.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,070 shares of the company’s stock after selling 12,940 shares during the period. Bitwise Bitcoin ETF comprises approximately 0.7% of Fischer Investment Strategies LLC’s investment portfolio, making the stock its 27th largest holding. Fischer Investment Strategies LLC’s holdings in Bitwise Bitcoin ETF were worth $1,145,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BITB. Gunderson Capital Management Inc. increased its holdings in shares of Bitwise Bitcoin ETF by 4.7% during the 3rd quarter. Gunderson Capital Management Inc. now owns 4,120 shares of the company’s stock valued at $256,000 after purchasing an additional 184 shares in the last quarter. Advisory Resource Group boosted its holdings in Bitwise Bitcoin ETF by 5.3% during the third quarter. Advisory Resource Group now owns 3,705 shares of the company’s stock worth $231,000 after buying an additional 185 shares in the last quarter. Weaver Consulting Group boosted its holdings in Bitwise Bitcoin ETF by 5.7% during the third quarter. Weaver Consulting Group now owns 3,753 shares of the company’s stock worth $234,000 after buying an additional 202 shares in the last quarter. Focus Partners Wealth grew its position in Bitwise Bitcoin ETF by 0.8% during the first quarter. Focus Partners Wealth now owns 29,358 shares of the company’s stock valued at $1,318,000 after buying an additional 244 shares during the period. Finally, Captrust Financial Advisors grew its position in Bitwise Bitcoin ETF by 1.7% during the second quarter. Captrust Financial Advisors now owns 15,127 shares of the company’s stock valued at $886,000 after buying an additional 255 shares during the period.

Bitwise Bitcoin ETF Stock Down 1.4%

BITB opened at $42.23 on Friday. The company has a fifty day moving average of $38.23 and a two-hundred day moving average of $46.69. Bitwise Bitcoin ETF has a fifty-two week low of $33.81 and a fifty-two week 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.