LGT Financial Advisors LLC Buys Shares of 1,445 ProShares Bitcoin ETF (NYSEARCA:BITO)

LGT Financial Advisors LLC purchased a new position in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,445 shares of the company’s stock, valued at approximately $28,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cedar Mountain Advisors LLC boosted its position in shares of ProShares Bitcoin 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 acquiring an additional 594 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in ProShares Bitcoin ETF by 1,200.0% during the third quarter. Hexagon Capital Partners LLC now owns 1,300 shares of the company’s stock worth $25,000 after purchasing an additional 1,200 shares during the last quarter. Natixis acquired a new position in ProShares Bitcoin ETF in the first quarter valued at approximately $40,000. Kings Path Partners LLC purchased a new position in ProShares Bitcoin ETF in the second quarter valued at approximately $45,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in ProShares Bitcoin ETF during the second quarter worth approximately $57,000.

ProShares Bitcoin ETF Stock Performance

Shares of ProShares Bitcoin ETF stock opened at $20.66 on Friday. The company has a fifty day simple moving average of $18.60 and a 200-day simple moving average of $21.82. ProShares Bitcoin ETF has a 12-month low of $16.11 and a 12-month high of $33.79.

About ProShares Bitcoin ETF

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.