ProShares Bitcoin ETF (NYSEARCA:BITO) Stock Position Boosted by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 54.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,829 shares of the company’s stock after buying an additional 5,206 shares during the quarter. Thrivent Financial for Lutherans’ holdings in ProShares Bitcoin ETF were worth $285,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Cedar Mountain Advisors LLC grew its position in ProShares Bitcoin ETF by 57.8% during the third quarter. Cedar Mountain Advisors LLC now owns 1,769 shares of the company’s stock valued at $34,000 after purchasing an additional 648 shares in the last quarter. Interchange Capital Partners LLC grew its holdings in shares of ProShares Bitcoin ETF by 6.4% during the 3rd quarter. Interchange Capital Partners LLC now owns 14,364 shares of the company’s stock valued at $276,000 after acquiring an additional 858 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in shares of ProShares Bitcoin ETF by 1,200.0% in the third quarter. Hexagon Capital Partners LLC now owns 1,300 shares of the company’s stock worth $25,000 after acquiring an additional 1,200 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of ProShares Bitcoin ETF by 6.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,723 shares of the company’s stock worth $489,000 after acquiring an additional 1,300 shares in the last quarter. Finally, LGT Financial Advisors LLC acquired a new stake in ProShares Bitcoin ETF during the third quarter valued at $28,000.

ProShares Bitcoin ETF Stock Performance

BITO opened at $26.12 on Friday. ProShares Bitcoin ETF has a twelve month low of $16.11 and a twelve month high of $33.79. The business has a 50 day moving average price of $21.39 and a 200 day moving average price of $21.61.

ProShares Bitcoin ETF Company 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.