Strategic Financial Concepts LLC Invests $1.02 Million in ProShares Bitcoin ETF (NYSEARCA:BITO)

Strategic Financial Concepts LLC purchased a new stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 44,817 shares of the company’s stock, valued at approximately $1,021,000. Strategic Financial Concepts LLC owned about 0.05% of ProShares Bitcoin ETF as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BITO. Legacy Investment Solutions LLC purchased a new stake in shares of ProShares Bitcoin ETF during the third quarter worth about $11,254,000. IMC Chicago LLC bought a new position in shares of ProShares Bitcoin ETF during the fourth quarter valued at approximately $2,659,000. Whitebox Advisors LLC boosted its holdings in ProShares Bitcoin ETF by 19.7% in the third quarter. Whitebox Advisors LLC now owns 697,042 shares of the company’s stock valued at $13,376,000 after acquiring an additional 114,872 shares in the last quarter. IHT Wealth Management LLC increased its position in ProShares Bitcoin ETF by 100.5% during the 3rd quarter. IHT Wealth Management LLC now owns 196,782 shares of the company’s stock valued at $3,619,000 after purchasing an additional 98,643 shares during the period. Finally, Realta Investment Advisors raised its holdings in ProShares Bitcoin ETF by 898.4% in the 4th quarter. Realta Investment Advisors now owns 102,439 shares of the company’s stock worth $2,459,000 after purchasing an additional 92,179 shares in the last quarter.

ProShares Bitcoin ETF Trading Down 3.4 %

Shares of NYSEARCA BITO opened at $21.85 on Wednesday. ProShares Bitcoin ETF has a 1 year low of $16.11 and a 1 year high of $33.79. The company’s 50-day moving average is $24.09 and its 200 day moving average is $21.62.

ProShares Bitcoin 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.