Bay Harbor Wealth Management LLC Acquires 904 Shares of ProShares Bitcoin ETF (NYSEARCA:BITO)

Bay Harbor Wealth Management LLC raised its holdings in ProShares Bitcoin ETF (NYSEARCA:BITO) by 152.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,498 shares of the company’s stock after buying an additional 904 shares during the quarter. Bay Harbor Wealth Management LLC’s holdings in ProShares Bitcoin ETF were worth $34,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Whitebox Advisors LLC lifted its stake in ProShares Bitcoin ETF by 19.7% in the third quarter. Whitebox Advisors LLC now owns 697,042 shares of the company’s stock worth $13,376,000 after acquiring an additional 114,872 shares during the period. Legacy Investment Solutions LLC bought a new position in ProShares Bitcoin ETF in the 3rd quarter worth $11,254,000. IHT Wealth Management LLC lifted its position in shares of ProShares Bitcoin ETF by 100.5% in the 3rd quarter. IHT Wealth Management LLC now owns 196,782 shares of the company’s stock worth $3,619,000 after purchasing an additional 98,643 shares during the period. Total Investment Management Inc. boosted its stake in shares of ProShares Bitcoin ETF by 118.4% during the 3rd quarter. Total Investment Management Inc. now owns 150,982 shares of the company’s stock valued at $2,897,000 after purchasing an additional 81,836 shares in the last quarter. Finally, MML Investors Services LLC increased its position in shares of ProShares Bitcoin ETF by 28.1% during the third quarter. MML Investors Services LLC now owns 93,050 shares of the company’s stock valued at $1,786,000 after buying an additional 20,386 shares during the period.

ProShares Bitcoin ETF Price Performance

BITO stock opened at $23.37 on Tuesday. ProShares Bitcoin ETF has a 1 year low of $16.11 and a 1 year high of $33.79. The firm has a 50-day moving average of $24.69 and a 200 day moving average of $21.64.

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.