Avestar Capital LLC Acquires New Position in ProShares Bitcoin ETF (NYSEARCA:BITO)

Avestar Capital LLC acquired a new stake in ProShares Bitcoin ETF (NYSEARCA:BITO) during the fourth quarter, HoldingsChannel reports. The fund acquired 9,000 shares of the company’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in ProShares Bitcoin ETF by 2,930.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 25,179 shares of the company’s stock worth $483,000 after acquiring an additional 24,348 shares during the last quarter. Brookstone Capital Management grew its holdings in shares of ProShares Bitcoin ETF by 4.0% in the 4th quarter. Brookstone Capital Management now owns 13,489 shares of the company’s stock valued at $307,000 after buying an additional 517 shares during the period. Kingsview Wealth Management LLC increased its position in shares of ProShares Bitcoin ETF by 10.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 21,470 shares of the company’s stock valued at $412,000 after buying an additional 2,000 shares in the last quarter. Realta Investment Advisors raised its stake in ProShares Bitcoin ETF by 898.4% during the 4th quarter. Realta Investment Advisors now owns 102,439 shares of the company’s stock worth $2,459,000 after buying an additional 92,179 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings 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 worth $448,000 after acquiring an additional 1,642 shares in the last quarter.

ProShares Bitcoin ETF Price Performance

NYSEARCA:BITO opened at $22.62 on Friday. ProShares Bitcoin ETF has a 1 year low of $16.11 and a 1 year high of $33.79. The stock has a 50-day moving average price of $24.13 and a two-hundred day moving average price of $21.61.

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.