MFA Wealth Advisors LLC Trims Stock Holdings in ProShares Bitcoin ETF $BITO

MFA Wealth Advisors LLC trimmed its position in ProShares Bitcoin ETF (NYSEARCA:BITO) by 3.0% in the second quarter, Holdings Channel reports. The firm owned 197,779 shares of the company’s stock after selling 6,148 shares during the quarter. ProShares Bitcoin ETF accounts for 1.0% of MFA Wealth Advisors LLC’s holdings, making the stock its 27th biggest holding. MFA Wealth Advisors LLC’s holdings in ProShares Bitcoin ETF were worth $4,254,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its holdings in shares of ProShares Bitcoin ETF by 152.9% during the first quarter. Goldman Sachs Group Inc. now owns 8,168,833 shares of the company’s stock valued at $149,653,000 after acquiring an additional 4,939,205 shares during the period. Acorns Advisers LLC raised its stake in shares of ProShares Bitcoin ETF by 16.2% during the first quarter. Acorns Advisers LLC now owns 3,670,147 shares of the company’s stock valued at $67,237,000 after purchasing an additional 511,032 shares in the last quarter. Simplex Trading LLC acquired a new stake in ProShares Bitcoin ETF in the first quarter worth about $2,537,000. Dynamic Advisor Solutions LLC grew its position in ProShares Bitcoin ETF by 50.6% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 193,218 shares of the company’s stock valued at $4,156,000 after buying an additional 64,908 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in ProShares Bitcoin ETF during the 4th quarter valued at about $1,254,000.

ProShares Bitcoin ETF Stock Performance

BITO stock opened at $19.30 on Tuesday. The firm’s 50-day moving average is $20.89 and its two-hundred day moving average is $20.52. ProShares Bitcoin ETF has a 52 week low of $16.48 and a 52 week high of $27.88.

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.