AdvisorNet Financial Inc Lowers Holdings in Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ)

AdvisorNet Financial Inc decreased its position in Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) by 14.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,814 shares of the company’s stock after selling 5,011 shares during the period. AdvisorNet Financial Inc owned approximately 0.27% of Bitwise Crypto Industry Innovators ETF worth $487,000 at the end of the most recent reporting period.

Separately, JPMorgan Chase & Co. boosted its stake in Bitwise Crypto Industry Innovators ETF by 6.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 112,026 shares of the company’s stock valued at $1,493,000 after purchasing an additional 7,088 shares during the last quarter.

Bitwise Crypto Industry Innovators ETF Price Performance

BITQ stock opened at $18.73 on Thursday. The stock has a market capitalization of $199.47 million, a P/E ratio of 33.57 and a beta of 2.21. Bitwise Crypto Industry Innovators ETF has a 1-year low of $8.06 and a 1-year high of $23.09. The business has a fifty day moving average price of $19.42 and a 200-day moving average price of $15.56.

Bitwise Crypto Industry Innovators ETF Company 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.