Tcfg Wealth Management LLC Buys New Position in ProShares Bitcoin ETF (NYSEARCA:BITO)

Tcfg Wealth Management LLC bought a new stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 37,973 shares of the company’s stock, valued at approximately $865,000.

Several other large investors have also bought and sold shares of the company. Whitebox Advisors LLC boosted its stake in ProShares Bitcoin ETF by 19.7% during the third quarter. Whitebox Advisors LLC now owns 697,042 shares of the company’s stock valued at $13,376,000 after buying an additional 114,872 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in ProShares Bitcoin ETF during the third quarter valued at about $11,254,000. MFA Wealth Advisors LLC boosted its stake in ProShares Bitcoin ETF by 14.2% during the fourth quarter. MFA Wealth Advisors LLC now owns 202,541 shares of the company’s stock valued at $4,614,000 after buying an additional 25,138 shares in the last quarter. IHT Wealth Management LLC boosted its stake in ProShares Bitcoin ETF by 100.5% during the third quarter. IHT Wealth Management LLC now owns 196,782 shares of the company’s stock valued at $3,619,000 after buying an additional 98,643 shares in the last quarter. Finally, Total Investment Management Inc. boosted its stake in ProShares Bitcoin ETF by 118.4% during the third quarter. Total Investment Management Inc. now owns 150,982 shares of the company’s stock valued at $2,897,000 after buying an additional 81,836 shares in the last quarter.

ProShares Bitcoin ETF Stock Up 1.1 %

Shares of BITO stock opened at $22.62 on Friday. ProShares Bitcoin ETF has a fifty-two week low of $16.11 and a fifty-two week high of $33.79. The stock has a 50-day simple moving average of $24.13 and a 200 day simple moving average of $21.61.

About ProShares Bitcoin ETF

The ProShares Bitcoin Strategy ETF (BITO) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund actively manages a portfolio of front-month CME bitcoin futures. BITO was launched on Oct 18, 2021 and is managed by ProShares.