Concurrent Investment Advisors LLC bought a new stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,071 shares of the company’s stock, valued at approximately $229,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC lifted its position in ProShares Bitcoin ETF by 7.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 23,365 shares of the company’s stock valued at $448,000 after purchasing an additional 1,642 shares during the last quarter. Interchange Capital Partners LLC lifted its holdings in shares of ProShares Bitcoin ETF by 6.4% in the 3rd quarter. Interchange Capital Partners LLC now owns 14,364 shares of the company’s stock valued at $276,000 after acquiring an additional 858 shares during the last quarter. Realta Investment Advisors bought a new position in shares of ProShares Bitcoin ETF in the 3rd quarter valued at about $193,000. Forum Financial Management LP purchased a new position in ProShares Bitcoin ETF in the third quarter worth about $672,000. Finally, LGT Financial Advisors LLC bought a new stake in ProShares Bitcoin ETF during the third quarter worth approximately $28,000.
ProShares Bitcoin ETF Stock Performance
Shares of BITO stock opened at $20.42 on Wednesday. ProShares Bitcoin ETF has a 1 year low of $16.11 and a 1 year high of $33.79. The stock’s 50 day simple moving average is $23.57 and its two-hundred day simple moving average is $21.75.
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.
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