Summit Securities Group LLC lifted its stake in ProShares Bitcoin ETF (NYSEARCA:BITO – Free Report) by 143.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 371,498 shares of the company’s stock after acquiring an additional 218,898 shares during the period. ProShares Bitcoin ETF accounts for about 1.7% of Summit Securities Group LLC’s investment portfolio, making the stock its 6th largest position. Summit Securities Group LLC owned approximately 0.45% of ProShares Bitcoin ETF worth $8,463,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC raised its position in shares of ProShares Bitcoin ETF by 64.4% in the fourth quarter. Orion Portfolio Solutions LLC now owns 43,681 shares of the company’s stock valued at $995,000 after purchasing an additional 17,117 shares during the period. Blair William & Co. IL raised its holdings in ProShares Bitcoin ETF by 133.1% in the 4th quarter. Blair William & Co. IL now owns 8,733 shares of the company’s stock worth $199,000 after acquiring an additional 4,987 shares during the period. Ausdal Financial Partners Inc. raised its holdings in ProShares Bitcoin ETF by 92.3% in the 4th quarter. Ausdal Financial Partners Inc. now owns 44,488 shares of the company’s stock worth $1,013,000 after acquiring an additional 21,350 shares during the period. Financial Engines Advisors L.L.C. bought a new stake in ProShares Bitcoin ETF during the fourth quarter valued at about $318,000. Finally, LPL Financial LLC acquired a new stake in shares of ProShares Bitcoin ETF in the fourth quarter valued at about $206,000.
ProShares Bitcoin ETF Stock Performance
Shares of NYSEARCA:BITO opened at $18.66 on Friday. The business has a 50 day moving average price of $21.40 and a 200 day moving average price of $21.75. ProShares Bitcoin ETF has a twelve month low of $16.11 and a twelve month high of $31.73.
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.
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