PNC Financial Services Group Inc. Has $4.48 Million Stake in Bitwise Bitcoin ETF (NYSEARCA:BITB)

PNC Financial Services Group Inc. boosted its position in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB) by 66.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,486 shares of the company’s stock after buying an additional 51,549 shares during the period. PNC Financial Services Group Inc.’s holdings in Bitwise Bitcoin ETF were worth $4,479,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BITB. Brookstone Capital Management boosted its stake in shares of Bitwise Bitcoin ETF by 5.2% in the 2nd quarter. Brookstone Capital Management now owns 9,716 shares of the company’s stock valued at $342,000 after purchasing an additional 482 shares in the last quarter. New Harbor Financial Group LLC raised its holdings in Bitwise Bitcoin ETF by 3.0% in the 2nd quarter. New Harbor Financial Group LLC now owns 20,642 shares of the company’s stock valued at $675,000 after buying an additional 600 shares during the last quarter. Fairway Wealth LLC raised its holdings in Bitwise Bitcoin ETF by 258.1% in the 3rd quarter. Fairway Wealth LLC now owns 1,110 shares of the company’s stock valued at $38,000 after buying an additional 800 shares during the last quarter. Morton Capital Management LLC CA raised its holdings in Bitwise Bitcoin ETF by 11.6% in the 3rd quarter. Morton Capital Management LLC CA now owns 8,566 shares of the company’s stock valued at $296,000 after buying an additional 892 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV bought a new position in Bitwise Bitcoin ETF in the 2nd quarter valued at approximately $33,000.

Bitwise Bitcoin ETF Trading Up 1.1 %

Shares of NYSEARCA BITB opened at $54.10 on Monday. The company has a 50 day simple moving average of $38.76 and a 200 day simple moving average of $35.80. Bitwise Bitcoin ETF has a 1 year low of $21.05 and a 1 year high of $54.39.

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.