Arax Advisory Partners Has $1.39 Million Stock Holdings in Bitwise Bitcoin ETF $BITB

Arax Advisory Partners raised its holdings in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 143.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,205 shares of the company’s stock after acquiring an additional 17,223 shares during the quarter. Arax Advisory Partners’ holdings in Bitwise Bitcoin ETF were worth $1,389,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Founders Capital Management lifted its stake in 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 acquiring an additional 360 shares during the last quarter. Princeton Global Asset Management LLC bought a new position in shares of Bitwise Bitcoin ETF in the fourth quarter valued at approximately $34,000. Caitlin John LLC bought a new position in shares of Bitwise Bitcoin ETF in the third quarter valued at approximately $49,000. Lodestone Wealth Management LLC bought a new position in shares of Bitwise Bitcoin ETF in the fourth quarter valued at approximately $38,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Bitwise Bitcoin ETF by 262.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 888 shares of the company’s stock valued at $42,000 after purchasing an additional 643 shares during the period.

Bitwise Bitcoin ETF Price Performance

NYSEARCA:BITB opened at $36.15 on Tuesday. Bitwise Bitcoin ETF has a 12 month low of $32.10 and a 12 month high of $68.74. The company’s 50 day moving average is $39.99 and its 200-day moving average is $42.23.

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.