LFG Wealth Partners LLC bought a new stake in ProShares Bitcoin ETF (NYSEARCA:BITO – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 71,693 shares of the company’s stock, valued at approximately $667,000.
Other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in ProShares Bitcoin ETF by 120.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,761,837 shares of the company’s stock valued at $82,224,000 after acquiring an additional 3,700,000 shares during the period. Acorns Advisers LLC grew its holdings in shares of ProShares Bitcoin ETF by 37.1% during the 4th quarter. Acorns Advisers LLC now owns 6,274,599 shares of the company’s stock worth $76,299,000 after purchasing an additional 1,698,373 shares in the last quarter. Tidal Investments LLC increased its position in shares of ProShares Bitcoin ETF by 139.3% during the third quarter. Tidal Investments LLC now owns 912,135 shares of the company’s stock valued at $17,165,000 after purchasing an additional 530,987 shares during the period. Group One Trading LLC bought a new stake in shares of ProShares Bitcoin ETF during the fourth quarter valued at approximately $4,903,000. Finally, HighTower Advisors LLC raised its stake in shares of ProShares Bitcoin ETF by 1,197.5% in the fourth quarter. HighTower Advisors LLC now owns 396,126 shares of the company’s stock valued at $4,817,000 after purchasing an additional 365,596 shares in the last quarter.
ProShares Bitcoin ETF Price Performance
Shares of BITO stock opened at $8.52 on Monday. ProShares Bitcoin ETF has a one year low of $7.87 and a one year high of $22.82. The stock has a fifty day moving average price of $8.77 and a 200 day moving average price of $9.80.
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.
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