Tcfg Wealth Management LLC Has $272,000 Stake in ProShares Bitcoin ETF $BITO

Tcfg Wealth Management LLC decreased its position in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 67.0% in the second quarter, Holdings Channel reports. The fund owned 12,658 shares of the company’s stock after selling 25,712 shares during the period. Tcfg Wealth Management LLC’s holdings in ProShares Bitcoin ETF were worth $272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of BITO. Dagco Inc. acquired a new position in ProShares Bitcoin ETF during the 1st quarter worth $29,000. ORG Partners LLC acquired a new position in shares of ProShares Bitcoin ETF during the first quarter valued at about $32,000. Cedar Mountain Advisors LLC raised its position in shares of ProShares Bitcoin ETF by 43.7% during the second quarter. Cedar Mountain Advisors LLC now owns 1,801 shares of the company’s stock valued at $39,000 after buying an additional 548 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of ProShares Bitcoin ETF by 1,793.7% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,689 shares of the company’s stock valued at $49,000 after buying an additional 2,547 shares during the last quarter. Finally, Headlands Technologies LLC raised its position in shares of ProShares Bitcoin ETF by 368.9% during the first quarter. Headlands Technologies LLC now owns 3,418 shares of the company’s stock valued at $63,000 after buying an additional 2,689 shares during the last quarter.

ProShares Bitcoin ETF Stock Down 3.1%

Shares of BITO opened at $20.11 on Wednesday. The company has a 50-day simple moving average of $20.23 and a 200-day simple moving average of $20.59. ProShares Bitcoin ETF has a 52 week low of $16.48 and a 52 week high of $27.88.

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.