Main Management ETF Advisors LLC Boosts Stock Position in Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ)

Main Management ETF Advisors LLC lifted its holdings in shares of Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 921,930 shares of the company’s stock after buying an additional 7,110 shares during the quarter. Bitwise Crypto Industry Innovators ETF comprises 0.6% of Main Management ETF Advisors LLC’s investment portfolio, making the stock its 21st biggest position. Main Management ETF Advisors LLC owned about 0.09% of Bitwise Crypto Industry Innovators ETF worth $12,428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BITQ. ORG Partners LLC purchased a new position in shares of Bitwise Crypto Industry Innovators ETF in the 2nd quarter worth about $32,000. Sunbelt Securities Inc. purchased a new position in shares of Bitwise Crypto Industry Innovators ETF in the 1st quarter worth $84,000. Janney Montgomery Scott LLC raised its position in Bitwise Crypto Industry Innovators ETF by 41.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 23,210 shares of the company’s stock worth $305,000 after purchasing an additional 6,790 shares during the period. AdvisorNet Financial Inc lifted its holdings in Bitwise Crypto Industry Innovators ETF by 31.9% during the 2nd quarter. AdvisorNet Financial Inc now owns 33,228 shares of the company’s stock valued at $448,000 after buying an additional 8,041 shares in the last quarter. Finally, Rothschild Investment LLC bought a new position in shares of Bitwise Crypto Industry Innovators ETF during the 2nd quarter worth $162,000.

Bitwise Crypto Industry Innovators ETF Stock Performance

Shares of BITQ stock opened at $13.83 on Friday. The stock’s 50-day simple moving average is $12.67 and its 200-day simple moving average is $12.55. The firm has a market capitalization of $147.29 million, a price-to-earnings ratio of 33.57 and a beta of 2.21. Bitwise Crypto Industry Innovators ETF has a fifty-two week low of $6.17 and a fifty-two week high of $16.58.

Bitwise Crypto Industry Innovators ETF Profile

The Bitwise Crypto Industry Innovators ETF (BITQ) is an exchange-traded fund that is based on the Bitwise Crypto Innovators 30 index. The fund is passively managed to track a modified market-cap-weighted index of global companies supporting a crypto-asset-enabled decentralized economy. BITQ was launched on May 11, 2021 and is managed by Bitwise.