Heck Capital Advisors LLC Makes New $49,000 Investment in ProShares Bitcoin ETF (NYSEARCA:BITO)

Heck Capital Advisors LLC acquired a new stake in ProShares Bitcoin ETF (NYSEARCA:BITO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 2,158 shares of the company’s stock, valued at approximately $49,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BITO. NewEdge Advisors LLC lifted its stake in ProShares Bitcoin ETF by 14.1% in the second quarter. NewEdge Advisors LLC now owns 59,744 shares of the company’s stock worth $1,345,000 after purchasing an additional 7,405 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of ProShares Bitcoin ETF in the second quarter worth about $659,000. Dynamic Advisor Solutions LLC lifted its stake in shares of ProShares Bitcoin ETF by 50.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 60,637 shares of the company’s stock valued at $1,164,000 after acquiring an additional 20,306 shares during the last quarter. Hexagon Capital Partners LLC boosted its holdings in ProShares Bitcoin ETF by 1,200.0% during the 3rd 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 period. Finally, Kings Path Partners LLC grew its position in ProShares Bitcoin ETF by 150.0% during the 3rd quarter. Kings Path Partners LLC now owns 5,000 shares of the company’s stock worth $96,000 after acquiring an additional 3,000 shares during the last quarter.

ProShares Bitcoin ETF Trading Down 3.4 %

Shares of BITO stock opened at $24.59 on Monday. ProShares Bitcoin ETF has a fifty-two week low of $16.11 and a fifty-two week high of $33.79. The stock has a 50 day moving average price of $24.69 and a two-hundred day moving average price of $21.64.

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.