Thrive Wealth Management LLC Acquires 1,464 Shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO)

Thrive Wealth Management LLC boosted its stake in shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) by 16.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,290 shares of the company’s stock after buying an additional 1,464 shares during the period. Thrive Wealth Management LLC’s holdings in ProShares Bitcoin Strategy ETF were worth $232,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cedar Mountain Advisors LLC lifted its stake in shares of ProShares Bitcoin Strategy ETF by 112.7% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 1,121 shares of the company’s stock worth $25,000 after purchasing an additional 594 shares during the last quarter. Natixis bought a new stake in shares of ProShares Bitcoin Strategy ETF in the 1st quarter valued at about $40,000. Geneos Wealth Management Inc. purchased a new position in shares of ProShares Bitcoin Strategy ETF in the 4th quarter worth approximately $25,000. Benjamin Edwards Inc. bought a new position in shares of ProShares Bitcoin Strategy ETF during the 4th quarter worth approximately $37,000. Finally, Valley National Advisers Inc. purchased a new stake in ProShares Bitcoin Strategy ETF during the fourth quarter valued at approximately $40,000.

ProShares Bitcoin Strategy ETF Price Performance

BITO traded up $0.40 during trading on Friday, hitting $19.80. The stock had a trading volume of 9,686,696 shares, compared to its average volume of 15,641,770. The stock has a 50 day simple moving average of $22.70 and a two-hundred day simple moving average of $25.54. ProShares Bitcoin Strategy ETF has a twelve month low of $12.79 and a twelve month high of $33.79.

ProShares Bitcoin Strategy 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.