Sanctuary Advisors LLC Lowers Holdings in ProShares Bitcoin ETF (NYSEARCA:BITO)

Sanctuary Advisors LLC decreased its stake in ProShares Bitcoin ETF (NYSEARCA:BITO) by 65.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,095 shares of the company’s stock after selling 19,193 shares during the period. Sanctuary Advisors LLC’s holdings in ProShares Bitcoin ETF were worth $194,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Kingsview Wealth Management LLC increased its stake in shares of ProShares Bitcoin ETF by 10.3% during the third quarter. Kingsview Wealth Management LLC now owns 21,470 shares of the company’s stock valued at $412,000 after buying an additional 2,000 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in ProShares Bitcoin ETF by 7.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 23,365 shares of the company’s stock worth $448,000 after purchasing an additional 1,642 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in ProShares Bitcoin ETF by 54.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 14,829 shares of the company’s stock worth $285,000 after acquiring an additional 5,206 shares during the period. SIG North Trading ULC bought a new position in ProShares Bitcoin ETF in the 2nd quarter worth $1,857,000. Finally, IHT Wealth Management LLC raised its position in shares of ProShares Bitcoin ETF by 100.5% during the third quarter. IHT Wealth Management LLC now owns 196,782 shares of the company’s stock valued at $3,619,000 after buying an additional 98,643 shares during the last quarter.

ProShares Bitcoin ETF Stock Performance

NYSEARCA BITO opened at $23.06 on Monday. ProShares Bitcoin ETF has a 1-year low of $16.11 and a 1-year high of $33.79. The business has a 50 day simple moving average of $23.43 and a two-hundred day simple moving average of $21.32.

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.