Faithward Advisors LLC Buys 15,457 Shares of ProShares Bitcoin ETF (NYSEARCA:BITO)

Faithward Advisors LLC raised its stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 772,654 shares of the company’s stock after purchasing an additional 15,457 shares during the period. ProShares Bitcoin ETF accounts for 3.0% of Faithward Advisors LLC’s portfolio, making the stock its 6th largest holding. Faithward Advisors LLC owned 0.93% of ProShares Bitcoin ETF worth $17,601,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Geneos Wealth Management Inc. boosted its holdings in shares of ProShares Bitcoin ETF by 9.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 5,474 shares of the company’s stock worth $125,000 after acquiring an additional 464 shares in the last quarter. Harbour Investments Inc. increased its stake in shares of ProShares Bitcoin ETF by 18.8% in the 4th quarter. Harbour Investments Inc. now owns 2,944 shares of the company’s stock valued at $67,000 after acquiring an additional 466 shares during the last quarter. Brookstone Capital Management increased its position 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 in the last quarter. PFG Investments LLC raised its position in shares of ProShares Bitcoin ETF by 2.2% during the fourth quarter. PFG Investments LLC now owns 26,845 shares of the company’s stock worth $612,000 after purchasing an additional 582 shares during the period. Finally, Caitlin John LLC boosted its holdings in shares of 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 buying an additional 820 shares during the period.

ProShares Bitcoin ETF Stock Down 7.2 %

BITO stock opened at $17.00 on Tuesday. The business has a 50-day moving average of $20.54 and a 200-day moving average of $21.78. ProShares Bitcoin ETF has a fifty-two week low of $16.11 and a fifty-two week high of $31.73.

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.