Thrive Wealth Management LLC Buys 2,325 Shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO)

Thrive Wealth Management LLC increased its stake in shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) by 22.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,615 shares of the company’s stock after buying an additional 2,325 shares during the quarter. Thrive Wealth Management LLC’s holdings in ProShares Bitcoin Strategy ETF were worth $242,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Sanctuary Advisors LLC acquired a new stake in shares of ProShares Bitcoin Strategy ETF during the 2nd quarter worth approximately $659,000. NewEdge Advisors LLC increased its stake in shares of ProShares Bitcoin Strategy ETF by 14.1% in the 2nd quarter. NewEdge Advisors LLC now owns 59,744 shares of the company’s stock valued at $1,345,000 after purchasing an additional 7,405 shares during the last quarter. SIG North Trading ULC acquired a new position in shares of ProShares Bitcoin Strategy ETF during the 2nd quarter worth $1,857,000. Whitebox Advisors LLC lifted its position in shares of ProShares Bitcoin Strategy ETF by 8.2% during the 2nd quarter. Whitebox Advisors LLC now owns 582,170 shares of the company’s stock worth $13,105,000 after buying an additional 44,170 shares during the last quarter. Finally, PFG Investments LLC boosted its stake in ProShares Bitcoin Strategy ETF by 31.4% in the second quarter. PFG Investments LLC now owns 26,351 shares of the company’s stock valued at $593,000 after buying an additional 6,298 shares in the last quarter.

ProShares Bitcoin Strategy ETF Stock Performance

ProShares Bitcoin Strategy ETF stock traded up $0.39 during midday trading on Friday, reaching $17.77. The company’s stock had a trading volume of 5,829,657 shares, compared to its average volume of 14,013,614. ProShares Bitcoin Strategy ETF has a 52 week low of $13.48 and a 52 week high of $33.79. The business has a 50-day moving average price of $19.00 and a 200-day moving average price of $23.62.

ProShares Bitcoin Strategy 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.