Millington Financial Advisors LLC Makes New Investment in ProShares Bitcoin ETF (NYSEARCA:BITO)

Millington Financial Advisors LLC bought a new stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 9,305 shares of the company’s stock, valued at approximately $219,000.

A number of other institutional investors also recently modified their holdings of the stock. LGT Financial Advisors LLC bought a new stake in ProShares Bitcoin ETF in the third quarter valued at $28,000. Hantz Financial Services Inc. increased its position in ProShares Bitcoin ETF by 408.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,459 shares of the company’s stock valued at $28,000 after buying an additional 1,172 shares in the last quarter. Bay Harbor Wealth Management LLC increased its position in 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. Venturi Wealth Management LLC acquired a new position in ProShares Bitcoin ETF during the 3rd quarter worth approximately $29,000. Finally, Heck Capital Advisors LLC acquired a new position in ProShares Bitcoin ETF during the 4th quarter worth approximately $49,000.

ProShares Bitcoin ETF Stock Performance

NYSEARCA BITO opened at $21.81 on Tuesday. ProShares Bitcoin ETF has a 52 week low of $16.11 and a 52 week high of $33.79. The business has a 50 day moving average price of $23.82 and a 200-day moving average price of $21.73.

ProShares Bitcoin ETF 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.