Acorns Advisers LLC Grows Position in ProShares Bitcoin ETF (NYSEARCA:BITO)

Acorns Advisers LLC raised its position in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,159,115 shares of the company’s stock after purchasing an additional 87,345 shares during the period. ProShares Bitcoin ETF accounts for approximately 0.7% of Acorns Advisers LLC’s portfolio, making the stock its 9th largest holding. Acorns Advisers LLC owned 3.80% of ProShares Bitcoin ETF worth $71,965,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted its stake in ProShares Bitcoin ETF by 1,184.0% in the 4th quarter. Proficio Capital Partners LLC now owns 2,226,893 shares of the company’s stock worth $50,729,000 after purchasing an additional 2,053,458 shares in the last quarter. Faithward Advisors LLC raised its position in shares of ProShares Bitcoin ETF by 2.0% in the fourth quarter. Faithward Advisors LLC now owns 772,654 shares of the company’s stock worth $17,601,000 after buying an additional 15,457 shares in the last quarter. Summit Securities Group LLC raised its position in shares of ProShares Bitcoin ETF by 143.4% in the fourth quarter. Summit Securities Group LLC now owns 371,498 shares of the company’s stock worth $8,463,000 after buying an additional 218,898 shares in the last quarter. MFA Wealth Advisors LLC boosted its stake in ProShares Bitcoin ETF by 14.2% during the fourth quarter. MFA Wealth Advisors LLC now owns 202,541 shares of the company’s stock valued at $4,614,000 after buying an additional 25,138 shares during the period. Finally, Quinn Opportunity Partners LLC purchased a new position in ProShares Bitcoin ETF during the fourth quarter worth about $3,759,000.

ProShares Bitcoin ETF Stock Performance

BITO stock opened at $18.29 on Wednesday. ProShares Bitcoin ETF has a 1-year low of $16.11 and a 1-year high of $29.34. The company’s 50 day moving average is $19.54 and its 200 day moving average is $21.66.

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.