ProShares Bitcoin ETF $BITO Shares Acquired by Spire Wealth Management

Spire Wealth Management lifted its holdings in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 1,451.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,476 shares of the company’s stock after acquiring an additional 6,994 shares during the period. Spire Wealth Management’s holdings in ProShares Bitcoin ETF were worth $161,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cerity Partners LLC bought a new stake in ProShares Bitcoin ETF during the first quarter worth approximately $287,000. Geneos Wealth Management Inc. raised its holdings in ProShares Bitcoin ETF by 10.3% during the first quarter. Geneos Wealth Management Inc. now owns 6,039 shares of the company’s stock worth $111,000 after purchasing an additional 565 shares in the last quarter. ORG Partners LLC raised its holdings in ProShares Bitcoin ETF by 904.8% during the second quarter. ORG Partners LLC now owns 17,886 shares of the company’s stock worth $363,000 after purchasing an additional 16,106 shares in the last quarter. Wedbush Securities Inc. raised its holdings in ProShares Bitcoin ETF by 164.3% during the first quarter. Wedbush Securities Inc. now owns 28,474 shares of the company’s stock worth $522,000 after purchasing an additional 17,700 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its holdings in ProShares Bitcoin ETF by 41.0% during the first quarter. Concurrent Investment Advisors LLC now owns 14,203 shares of the company’s stock worth $260,000 after purchasing an additional 4,132 shares in the last quarter.

ProShares Bitcoin ETF Price Performance

Shares of NYSEARCA:BITO opened at $15.78 on Wednesday. ProShares Bitcoin ETF has a 12 month low of $15.60 and a 12 month high of $27.88. The stock’s 50 day moving average price is $19.11 and its 200 day moving average price is $20.63.

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.