Ellerson Group Inc. ADV Invests $247,000 in Bitwise Bitcoin ETF (NYSEARCA:BITB)

Ellerson Group Inc. ADV purchased a new position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,855 shares of the company’s stock, valued at approximately $247,000.

Other institutional investors also recently modified their holdings of the company. Gleason Group Inc. acquired a new position in shares of Bitwise Bitcoin ETF during the fourth quarter worth $25,000. VisionPoint Advisory Group LLC acquired a new stake in Bitwise Bitcoin ETF in the fourth quarter valued at $56,000. Fairway Wealth LLC increased its holdings in Bitwise Bitcoin ETF by 258.1% in the third quarter. Fairway Wealth LLC now owns 1,110 shares of the company’s stock valued at $38,000 after purchasing an additional 800 shares during the period. Avior Wealth Management LLC acquired a new stake in Bitwise Bitcoin ETF in the third quarter valued at $69,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in Bitwise Bitcoin ETF by 85.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,369 shares of the company’s stock valued at $120,000 after purchasing an additional 1,091 shares during the period.

Bitwise Bitcoin ETF Stock Performance

NYSEARCA BITB opened at $47.33 on Friday. Bitwise Bitcoin ETF has a twelve month low of $27.02 and a twelve month high of $59.07. The stock has a fifty day simple moving average of $52.45 and a 200 day simple moving average of $45.27.

Bitwise Bitcoin ETF Company 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.