Prosperity Wealth Management Inc. Reduces Position in ProShares Bitcoin ETF (NYSEARCA:BITO)

Prosperity Wealth Management Inc. cut its holdings in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 5.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 32,705 shares of the company’s stock after selling 2,000 shares during the quarter. Prosperity Wealth Management Inc.’s holdings in ProShares Bitcoin ETF were worth $745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of ProShares Bitcoin ETF by 2,930.0% during the third quarter. JPMorgan Chase & Co. now owns 25,179 shares of the company’s stock valued at $483,000 after buying an additional 24,348 shares during the last quarter. Brookstone Capital Management lifted its holdings in ProShares Bitcoin ETF by 4.0% in the fourth quarter. Brookstone Capital Management now owns 13,489 shares of the company’s stock valued at $307,000 after acquiring an additional 517 shares during the period. Kingsview Wealth Management LLC lifted its holdings in ProShares Bitcoin ETF by 10.3% in the third quarter. Kingsview Wealth Management LLC now owns 21,470 shares of the company’s stock valued at $412,000 after acquiring an additional 2,000 shares during the period. Realta Investment Advisors lifted its holdings in ProShares Bitcoin ETF by 898.4% in the fourth quarter. Realta Investment Advisors now owns 102,439 shares of the company’s stock valued at $2,459,000 after acquiring an additional 92,179 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in ProShares Bitcoin ETF by 54.1% in the third quarter. Thrivent Financial for Lutherans now owns 14,829 shares of the company’s stock valued at $285,000 after acquiring an additional 5,206 shares during the period.

ProShares Bitcoin ETF Price Performance

BITO stock opened at $18.49 on Wednesday. ProShares Bitcoin ETF has a fifty-two week low of $16.11 and a fifty-two week high of $33.79. The business’s 50-day moving average is $22.65 and its two-hundred day moving average is $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.