Avalon Capital Management Reduces Position in VanEck Bitcoin ETF $HODL

Avalon Capital Management cut its stake in VanEck Bitcoin ETF (BATS:HODL) by 26.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 182,839 shares of the company’s stock after selling 65,892 shares during the quarter. VanEck Bitcoin ETF comprises about 1.1% of Avalon Capital Management’s holdings, making the stock its 24th largest position. Avalon Capital Management’s holdings in VanEck Bitcoin ETF were worth $4,522,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Integrated Wealth Concepts LLC increased its stake in VanEck Bitcoin ETF by 280.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 9,250 shares of the company’s stock worth $216,000 after acquiring an additional 6,820 shares during the last quarter. Jane Street Group LLC bought a new stake in VanEck Bitcoin ETF in the 1st quarter worth approximately $4,206,000. EverSource Wealth Advisors LLC boosted its stake in VanEck Bitcoin ETF by 185.3% in the second quarter. EverSource Wealth Advisors LLC now owns 913 shares of the company’s stock worth $28,000 after buying an additional 593 shares in the last quarter. First Trust Advisors LP boosted its stake in VanEck Bitcoin ETF by 28.1% in the second quarter. First Trust Advisors LP now owns 180,605 shares of the company’s stock worth $5,503,000 after buying an additional 39,630 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in VanEck Bitcoin ETF by 97.7% during the second quarter. NewEdge Advisors LLC now owns 255,928 shares of the company’s stock valued at $7,798,000 after acquiring an additional 126,483 shares during the last quarter.

VanEck Bitcoin ETF Price Performance

HODL stock opened at $18.48 on Thursday. The company’s 50 day moving average price is $21.05 and its two-hundred day moving average price is $22.46. VanEck Bitcoin ETF has a one year low of $17.60 and a one year high of $35.76.

VanEck Bitcoin ETF Company Profile

The VanEck Bitcoin Trust (HODL) is an exchange-traded fund that is based on the MarketVector Bitcoin Benchmark Rate index. The fund provides passive exposure to the price of Bitcoin through the purchase of shares, allowing investors to track the performance of Bitcoin without directly owning and managing the digital currency. HODL was launched on Jan 4, 2024 and is issued by VanEck.