Morton Capital Management LLC CA Buys 2,709 Shares of Bitwise Bitcoin ETF (NYSEARCA:BITB)

Morton Capital Management LLC CA grew its stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 31.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,275 shares of the company’s stock after acquiring an additional 2,709 shares during the period. Morton Capital Management LLC CA’s holdings in Bitwise Bitcoin ETF were worth $573,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BITB. Smith Anglin Financial LLC lifted its stake in Bitwise Bitcoin ETF by 32.5% in the fourth quarter. Smith Anglin Financial LLC now owns 23,131 shares of the company’s stock valued at $1,176,000 after purchasing an additional 5,679 shares during the last quarter. Wiser Wealth Management Inc raised its stake in shares of Bitwise Bitcoin ETF by 9.9% in the fourth quarter. Wiser Wealth Management Inc now owns 27,662 shares of the company’s stock valued at $1,407,000 after buying an additional 2,502 shares during the period. Gleason Group Inc. purchased a new position in shares of Bitwise Bitcoin ETF during the 4th quarter valued at $25,000. Gunderson Capital Management Inc. grew its stake in shares of Bitwise Bitcoin ETF by 16.2% during the 4th quarter. Gunderson Capital Management Inc. now owns 7,891 shares of the company’s stock worth $401,000 after acquiring an additional 1,100 shares during the period. Finally, Claro Advisors LLC increased its holdings in Bitwise Bitcoin ETF by 80.0% in the 4th quarter. Claro Advisors LLC now owns 57,127 shares of the company’s stock worth $2,905,000 after acquiring an additional 25,393 shares during the last quarter.

Bitwise Bitcoin ETF Stock Performance

Shares of Bitwise Bitcoin ETF stock opened at $54.68 on Friday. Bitwise Bitcoin ETF has a 52-week low of $21.05 and a 52-week high of $59.07. The stock’s 50-day simple moving average is $52.24 and its 200 day simple moving average is $40.43.

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.