LGT Financial Advisors LLC Purchases New Shares in ProShares Bitcoin ETF (NYSEARCA:BITO)

LGT Financial Advisors LLC acquired a new position in ProShares Bitcoin ETF (NYSEARCA:BITO) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,445 shares of the company’s stock, valued at approximately $28,000.

Several other hedge funds have also modified their holdings of BITO. Cedar Mountain Advisors LLC lifted its holdings in ProShares Bitcoin ETF by 112.7% during the second quarter. Cedar Mountain Advisors LLC now owns 1,121 shares of the company’s stock valued at $25,000 after purchasing an additional 594 shares in the last quarter. Natixis purchased a new stake in ProShares Bitcoin ETF during the 1st quarter worth approximately $40,000. Hexagon Capital Partners LLC raised its holdings in shares of ProShares Bitcoin ETF by 1,200.0% during the third quarter. Hexagon Capital Partners LLC now owns 1,300 shares of the company’s stock valued at $25,000 after acquiring an additional 1,200 shares during the last quarter. Kings Path Partners LLC acquired a new stake in shares of ProShares Bitcoin ETF in the second quarter worth approximately $45,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of ProShares Bitcoin ETF during the second quarter worth approximately $57,000.

ProShares Bitcoin ETF Stock Performance

BITO opened at $20.66 on Friday. The firm’s 50-day moving average price is $18.60 and its 200 day moving average price is $21.82. ProShares Bitcoin ETF has a twelve month low of $16.11 and a twelve month high of $33.79.

ProShares Bitcoin ETF 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.