Paragon Private Wealth Management LLC Purchases Shares of 11,170 ProShares Bitcoin ETF (NYSEARCA:BITO)

Paragon Private Wealth Management LLC purchased a new stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 11,170 shares of the company’s stock, valued at approximately $254,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. NBT Bank N A NY boosted its stake in ProShares Bitcoin ETF by 1,090.0% during the 4th quarter. NBT Bank N A NY now owns 1,190 shares of the company’s stock valued at $27,000 after purchasing an additional 1,090 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in ProShares Bitcoin ETF by 82.8% during the 4th quarter. Proficio Capital Partners LLC now owns 317,005 shares of the company’s stock valued at $7,221,000 after purchasing an additional 143,570 shares during the last quarter. Millington Financial Advisors LLC acquired a new position in ProShares Bitcoin ETF during the 4th quarter valued at about $219,000. Wealth Management Nebraska acquired a new position in ProShares Bitcoin ETF during the 4th quarter valued at about $349,000. Finally, Concurrent Investment Advisors LLC acquired a new position in ProShares Bitcoin ETF during the 4th quarter valued at about $229,000.

ProShares Bitcoin ETF Stock Performance

Shares of NYSEARCA BITO opened at $17.57 on Tuesday. ProShares Bitcoin ETF has a twelve month low of $16.11 and a twelve month high of $33.79. The stock’s 50 day moving average price is $22.73 and its 200-day moving average price is $21.74.

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.