Garden State Investment Advisory Services LLC Invests $252,000 in ProShares Bitcoin ETF (NYSEARCA:BITO)

Garden State Investment Advisory Services 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 13,108 shares of the company’s stock, valued at approximately $252,000.

A number of other institutional investors have also modified their holdings of the company. Kingsview Wealth Management LLC grew its holdings in ProShares Bitcoin ETF by 10.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 21,470 shares of the company’s stock worth $412,000 after acquiring an additional 2,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of ProShares Bitcoin ETF by 7.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 23,365 shares of the company’s stock worth $448,000 after acquiring an additional 1,642 shares in the last quarter. Means Investment CO. Inc. increased its holdings in shares of ProShares Bitcoin ETF by 65.5% in the 2nd quarter. Means Investment CO. Inc. now owns 10,985 shares of the company’s stock valued at $247,000 after acquiring an additional 4,346 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of ProShares Bitcoin ETF during the 2nd quarter worth about $87,000. Finally, Thrivent Financial for Lutherans raised its position in shares of ProShares Bitcoin ETF by 54.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 14,829 shares of the company’s stock worth $285,000 after acquiring an additional 5,206 shares in the last quarter.

ProShares Bitcoin ETF Stock Up 1.6 %

NYSEARCA BITO opened at $26.09 on Friday. ProShares Bitcoin ETF has a 12 month low of $16.11 and a 12 month high of $33.79. The firm’s fifty day moving average price is $21.99 and its 200 day moving average price is $21.54.

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.