Silver Oak Securities Incorporated cut its stake in ProShares Bitcoin ETF (NYSEARCA:BITO – Free Report) by 64.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,957 shares of the company’s stock after selling 41,587 shares during the period. Silver Oak Securities Incorporated’s holdings in ProShares Bitcoin ETF were worth $528,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Caitlin John LLC raised its stake in ProShares Bitcoin ETF by 35.7% in the fourth quarter. Caitlin John LLC now owns 3,114 shares of the company’s stock valued at $71,000 after purchasing an additional 820 shares in the last quarter. Bay Harbor Wealth Management LLC raised its position in shares of ProShares Bitcoin ETF by 152.2% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 1,498 shares of the company’s stock valued at $34,000 after buying an additional 904 shares in the last quarter. Means Investment CO. Inc. boosted its position in shares of ProShares Bitcoin ETF by 12.3% during the 4th quarter. Means Investment CO. Inc. now owns 18,480 shares of the company’s stock worth $421,000 after acquiring an additional 2,027 shares in the last quarter. Heck Capital Advisors LLC bought a new position in ProShares Bitcoin ETF in the fourth quarter valued at approximately $49,000. Finally, PFG Investments LLC raised its position in ProShares Bitcoin ETF by 2.2% during the fourth quarter. PFG Investments LLC now owns 26,845 shares of the company’s stock valued at $612,000 after purchasing an additional 582 shares in the last quarter.
ProShares Bitcoin ETF Stock Down 1.2 %
Shares of BITO stock opened at $22.28 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’s fifty day moving average price is $24.49 and its two-hundred day moving average price is $21.66.
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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