Precision Wealth Strategies LLC reduced its stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO – Free Report) by 16.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,395 shares of the company’s stock after selling 3,958 shares during the quarter. Precision Wealth Strategies LLC’s holdings in ProShares Bitcoin ETF were worth $372,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Oppenheimer & Co. Inc. boosted its stake in shares of ProShares Bitcoin ETF by 12.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 11,979 shares of the company’s stock valued at $387,000 after purchasing an additional 1,373 shares in the last quarter. Natixis bought a new position in ProShares Bitcoin ETF in the 1st quarter valued at approximately $40,000. CreativeOne Wealth LLC bought a new position in ProShares Bitcoin ETF in the 1st quarter valued at approximately $217,000. Mirador Capital Partners LP bought a new position in ProShares Bitcoin ETF in the 1st quarter valued at approximately $367,000. Finally, Park Edge Advisors LLC bought a new position in ProShares Bitcoin ETF in the 1st quarter valued at approximately $1,105,000.
ProShares Bitcoin ETF Trading Down 1.3 %
Shares of NYSEARCA BITO opened at $19.27 on Tuesday. The company has a 50 day simple moving average of $18.62 and a 200 day simple moving average of $22.59. ProShares Bitcoin ETF has a 1 year low of $15.49 and a 1 year high of $33.79.
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.
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