Villere ST Denis J & Co. LLC purchased a new stake in ProShares Bitcoin ETF (NYSEARCA:BITO – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,468 shares of the company’s stock, valued at approximately $204,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dagco Inc. acquired a new position in ProShares Bitcoin ETF during the 1st quarter worth approximately $29,000. ORG Partners LLC acquired a new position in ProShares Bitcoin ETF during the 1st quarter worth approximately $32,000. Cedar Mountain Advisors LLC increased its position in ProShares Bitcoin ETF by 43.7% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 1,801 shares of the company’s stock worth $39,000 after purchasing an additional 548 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position in ProShares Bitcoin ETF by 1,793.7% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,689 shares of the company’s stock worth $49,000 after purchasing an additional 2,547 shares during the period. Finally, Headlands Technologies LLC increased its position in ProShares Bitcoin ETF by 368.9% during the 1st quarter. Headlands Technologies LLC now owns 3,418 shares of the company’s stock worth $63,000 after purchasing an additional 2,689 shares during the period.
ProShares Bitcoin ETF Trading Down 3.8%
NYSEARCA BITO opened at $19.24 on Friday. The business’s 50 day moving average is $20.12 and its two-hundred day moving average is $20.59. ProShares Bitcoin ETF has a 12-month low of $16.48 and a 12-month 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.
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Want to see what other hedge funds are holding BITO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Bitcoin ETF (NYSEARCA:BITO – Free Report).
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