PNC Financial Services Group Inc. Increases Stake in Bitwise Bitcoin ETF (NYSEARCA:BITB)

PNC Financial Services Group Inc. grew its position in Bitwise Bitcoin ETF (NYSEARCA:BITB) by 137.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 306,887 shares of the company’s stock after buying an additional 177,401 shares during the period. PNC Financial Services Group Inc.’s holdings in Bitwise Bitcoin ETF were worth $15,605,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC lifted its position in Bitwise Bitcoin ETF by 6,348.2% in the 4th quarter. Proficio Capital Partners LLC now owns 2,102,749 shares of the company’s stock valued at $106,925,000 after acquiring an additional 2,070,139 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of Bitwise Bitcoin ETF by 4,033.4% in the third quarter. Orion Portfolio Solutions LLC now owns 277,100 shares of the company’s stock worth $9,585,000 after purchasing an additional 270,396 shares during the last quarter. Beaird Harris Wealth Management LLC lifted its holdings in shares of Bitwise Bitcoin ETF by 135.7% during the third quarter. Beaird Harris Wealth Management LLC now owns 211,994 shares of the company’s stock valued at $7,333,000 after purchasing an additional 122,045 shares in the last quarter. Kedalion Capital Management LLP purchased a new stake in shares of Bitwise Bitcoin ETF during the fourth quarter valued at $4,694,000. Finally, Tidal Investments LLC increased its holdings in Bitwise Bitcoin ETF by 43.8% in the 3rd quarter. Tidal Investments LLC now owns 201,797 shares of the company’s stock worth $6,980,000 after buying an additional 61,499 shares in the last quarter.

Bitwise Bitcoin ETF Stock Performance

BITB opened at $42.99 on Tuesday. The company’s 50-day simple moving average is $52.28 and its two-hundred day simple moving average is $45.43. Bitwise Bitcoin ETF has a 52-week low of $27.02 and a 52-week high of $59.07.

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.