Brookstone Capital Management lifted its position in shares of ProShares Bitcoin ETF (NYSEARCA:BITO – Free Report) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,489 shares of the company’s stock after purchasing an additional 517 shares during the period. Brookstone Capital Management’s holdings in ProShares Bitcoin ETF were worth $307,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in BITO. Legacy Investment Solutions LLC bought a new position in shares of ProShares Bitcoin ETF during the third quarter valued at about $11,254,000. Whitebox Advisors LLC increased its holdings in ProShares Bitcoin ETF by 19.7% during the third quarter. Whitebox Advisors LLC now owns 697,042 shares of the company’s stock worth $13,376,000 after buying an additional 114,872 shares during the last quarter. IHT Wealth Management LLC increased its holdings in ProShares Bitcoin ETF by 100.5% during the third quarter. IHT Wealth Management LLC now owns 196,782 shares of the company’s stock worth $3,619,000 after buying an additional 98,643 shares during the last quarter. SIG North Trading ULC purchased a new stake in ProShares Bitcoin ETF during the second quarter worth about $1,857,000. Finally, Total Investment Management Inc. increased its holdings in ProShares Bitcoin ETF by 118.4% during the third quarter. Total Investment Management Inc. now owns 150,982 shares of the company’s stock worth $2,897,000 after buying an additional 81,836 shares during the last quarter.
ProShares Bitcoin ETF Stock Performance
NYSEARCA BITO opened at $25.49 on Friday. ProShares Bitcoin ETF has a 52-week low of $16.11 and a 52-week high of $33.79. The company has a 50-day simple moving average of $24.63 and a 200 day simple moving average of $21.34.
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.
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