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

Bay Harbor Wealth Management LLC increased 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 Securities & Exchange Commission. The firm owned 1,498 shares of the company’s stock after purchasing an additional 904 shares during the quarter. Bay Harbor Wealth Management LLC’s holdings in ProShares Bitcoin ETF were worth $34,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Whitebox Advisors LLC grew its stake in shares of ProShares Bitcoin ETF by 19.7% during the third quarter. Whitebox Advisors LLC now owns 697,042 shares of the company’s stock valued at $13,376,000 after buying an additional 114,872 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in ProShares Bitcoin ETF during the 3rd quarter worth approximately $11,254,000. IHT Wealth Management LLC increased its stake in 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. lifted its position in ProShares Bitcoin ETF by 118.4% in the third 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 during the last quarter. Finally, MML Investors Services LLC boosted its stake 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 purchasing an additional 20,386 shares during the period.

ProShares Bitcoin ETF Stock Performance

Shares of ProShares Bitcoin ETF stock opened at $23.37 on Tuesday. ProShares Bitcoin ETF has a 52-week low of $16.11 and a 52-week high of $33.79. The company’s 50 day moving average price is $24.69 and its 200-day moving average price is $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.