Forte Asset Management LLC Cuts Stake in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO)

Forte Asset Management LLC lowered its position in shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) by 41.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 95,877 shares of the company’s stock after selling 69,075 shares during the quarter. ProShares Bitcoin Strategy ETF accounts for 1.3% of Forte Asset Management LLC’s investment portfolio, making the stock its 25th largest holding. Forte Asset Management LLC’s holdings in ProShares Bitcoin Strategy ETF were worth $1,965,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BITO. UMB Bank n.a. purchased a new position in shares of ProShares Bitcoin Strategy ETF in the 4th quarter valued at about $74,000. HighTower Advisors LLC increased its holdings in shares of ProShares Bitcoin Strategy ETF by 8.1% in the 3rd quarter. HighTower Advisors LLC now owns 73,379 shares of the company’s stock valued at $1,011,000 after purchasing an additional 5,516 shares in the last quarter. Brookstone Capital Management purchased a new position in shares of ProShares Bitcoin Strategy ETF in the 4th quarter valued at about $303,000. EisnerAmper Wealth Management Corporate Benefits LLC purchased a new position in shares of ProShares Bitcoin Strategy ETF in the 4th quarter valued at about $275,000. Finally, MFA Wealth Advisors LLC increased its holdings in shares of ProShares Bitcoin Strategy ETF by 3.4% in the 3rd quarter. MFA Wealth Advisors LLC now owns 212,019 shares of the company’s stock valued at $2,928,000 after purchasing an additional 6,913 shares in the last quarter.

ProShares Bitcoin Strategy ETF Price Performance

NYSEARCA BITO traded up $0.47 during trading hours on Friday, reaching $28.24. The company’s stock had a trading volume of 4,670,630 shares, compared to its average volume of 22,484,816. ProShares Bitcoin Strategy ETF has a fifty-two week low of $12.79 and a fifty-two week high of $33.79. The company’s 50-day moving average is $28.81 and its two-hundred day moving average is $22.39.

ProShares Bitcoin Strategy ETF Company Profile

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.