ProShares Bitcoin ETF (NYSEARCA:BITO) Holdings Decreased by Perigon Wealth Management LLC

Perigon Wealth Management LLC cut its position in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 9.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 37,184 shares of the company’s stock after selling 4,025 shares during the period. Perigon Wealth Management LLC’s holdings in ProShares Bitcoin ETF were worth $908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in BITO. Geneos Wealth Management Inc. lifted its position in shares of ProShares Bitcoin ETF by 9.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 5,474 shares of the company’s stock worth $125,000 after buying an additional 464 shares during the last quarter. Brookstone Capital Management grew its position in shares of ProShares Bitcoin ETF by 4.0% during the 4th quarter. Brookstone Capital Management now owns 13,489 shares of the company’s stock valued at $307,000 after buying an additional 517 shares during the last quarter. PFG Investments LLC raised its stake in ProShares Bitcoin ETF by 2.2% during the fourth quarter. PFG Investments LLC now owns 26,845 shares of the company’s stock worth $612,000 after acquiring an additional 582 shares during the period. Cedar Mountain Advisors LLC lifted its holdings in ProShares Bitcoin ETF by 57.8% in the third quarter. Cedar Mountain Advisors LLC now owns 1,769 shares of the company’s stock worth $34,000 after acquiring an additional 648 shares during the last quarter. Finally, Interchange Capital Partners LLC boosted its stake in ProShares Bitcoin ETF by 6.4% in the third quarter. Interchange Capital Partners LLC now owns 14,364 shares of the company’s stock valued at $276,000 after acquiring an additional 858 shares during the period.

ProShares Bitcoin ETF Stock Up 0.6 %

NYSEARCA:BITO opened at $25.46 on Friday. ProShares Bitcoin ETF has a 52 week low of $16.11 and a 52 week high of $33.79. The stock has a 50 day moving average of $24.76 and a 200-day moving average of $21.61.

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.