NewEdge Advisors LLC Has $394,000 Stock Position in VanEck Bitcoin ETF $HODL

NewEdge Advisors LLC decreased its stake in shares of VanEck Bitcoin ETF (BATS:HODL) by 59.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 20,553 shares of the company’s stock after selling 29,553 shares during the period. NewEdge Advisors LLC’s holdings in VanEck Bitcoin ETF were worth $394,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp increased its holdings in shares of VanEck Bitcoin ETF by 22.4% during the fourth quarter. Van ECK Associates Corp now owns 5,036,226 shares of the company’s stock valued at $124,546,000 after acquiring an additional 922,199 shares in the last quarter. Jane Street Group LLC increased its stake in VanEck Bitcoin ETF by 4,372.1% in the 4th quarter. Jane Street Group LLC now owns 1,042,305 shares of the company’s stock valued at $25,776,000 after buying an additional 1,018,998 shares during the last quarter. Berger Financial Group Inc increased its position in shares of VanEck Bitcoin ETF by 26.0% during the first quarter. Berger Financial Group Inc now owns 858,524 shares of the company’s stock valued at $16,449,000 after acquiring an additional 177,369 shares during the last quarter. Tidal Investments LLC increased its position in shares of VanEck Bitcoin ETF by 15.3% during the 2nd quarter. Tidal Investments LLC now owns 637,078 shares of the company’s stock valued at $19,412,000 after purchasing an additional 84,465 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in VanEck Bitcoin ETF by 3.6% during the first quarter. Assetmark Inc. now owns 626,385 shares of the company’s stock worth $12,002,000 after buying an additional 22,036 shares during the last quarter.

VanEck Bitcoin ETF Stock Up 1.5%

BATS:HODL opened at $18.05 on Tuesday. The firm’s 50 day moving average is $18.19 and its 200 day moving average is $20.19. VanEck Bitcoin ETF has a 12 month low of $16.40 and a 12 month high of $35.76.

About VanEck Bitcoin ETF

The VanEck Bitcoin Trust (HODL) is an exchange-traded fund that is based on the MarketVector Bitcoin Benchmark Rate index. The fund provides passive exposure to the price of Bitcoin through the purchase of shares, allowing investors to track the performance of Bitcoin without directly owning and managing the digital currency. HODL was launched on Jan 4, 2024 and is issued by VanEck.