Evolution Wealth Advisors LLC Decreases Stake in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO)

Evolution Wealth Advisors LLC reduced its holdings in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) by 20.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,482 shares of the company’s stock after selling 5,400 shares during the quarter. Evolution Wealth Advisors LLC’s holdings in ProShares Bitcoin Strategy ETF were worth $662,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BITO. Geneos Wealth Management Inc. bought a new stake in shares of ProShares Bitcoin Strategy ETF during the fourth quarter valued at approximately $25,000. Benjamin Edwards Inc. bought a new stake in shares of ProShares Bitcoin Strategy ETF during the fourth quarter valued at approximately $37,000. Valley National Advisers Inc. bought a new stake in shares of ProShares Bitcoin Strategy ETF during the fourth quarter valued at approximately $40,000. VitalStone Financial LLC raised its stake in ProShares Bitcoin Strategy ETF by 450.3% during the fourth quarter. VitalStone Financial LLC now owns 2,790 shares of the company’s stock valued at $57,000 after buying an additional 2,283 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in ProShares Bitcoin Strategy ETF by 19.5% during the fourth quarter. Larson Financial Group LLC now owns 3,230 shares of the company’s stock valued at $66,000 after buying an additional 527 shares during the last quarter.

ProShares Bitcoin Strategy ETF Stock Down 2.4 %

NYSEARCA:BITO traded down $0.53 during trading hours on Wednesday, reaching $21.16. 4,453,325 shares of the company traded hands, compared to its average volume of 16,738,029. The business’s 50-day moving average price is $25.70 and its two-hundred day moving average price is $25.53. ProShares Bitcoin Strategy ETF has a 1 year low of $12.79 and a 1 year high of $33.79.

ProShares Bitcoin Strategy 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.