Faithward Advisors LLC Sells 154,112 Shares of ProShares Bitcoin ETF $BITO

Faithward Advisors LLC cut its stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 19.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 631,405 shares of the company’s stock after selling 154,112 shares during the period. ProShares Bitcoin ETF comprises about 1.8% of Faithward Advisors LLC’s holdings, making the stock its 11th largest position. Faithward Advisors LLC’s holdings in ProShares Bitcoin ETF were worth $12,426,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. purchased a new stake in ProShares Bitcoin ETF during the 2nd quarter valued at about $991,000. Acorns Advisers LLC increased its stake in ProShares Bitcoin ETF by 7.0% during the 2nd quarter. Acorns Advisers LLC now owns 3,928,302 shares of the company’s stock valued at $84,498,000 after purchasing an additional 258,155 shares in the last quarter. Fielder Capital Group LLC increased its stake in ProShares Bitcoin ETF by 14.5% during the 3rd quarter. Fielder Capital Group LLC now owns 508,475 shares of the company’s stock valued at $10,007,000 after purchasing an additional 64,525 shares in the last quarter. CreativeOne Wealth LLC purchased a new position in ProShares Bitcoin ETF in the second quarter worth about $233,000. Finally, Scotia Capital Inc. raised its holdings in ProShares Bitcoin ETF by 323.6% in the second quarter. Scotia Capital Inc. now owns 48,874 shares of the company’s stock worth $1,051,000 after buying an additional 37,337 shares during the last quarter.

ProShares Bitcoin ETF Trading Up 0.7%

Shares of NYSEARCA BITO opened at $10.26 on Wednesday. The firm’s 50 day moving average price is $10.67 and its 200-day moving average price is $14.39. ProShares Bitcoin ETF has a 52-week low of $8.61 and a 52-week high of $23.63.

ProShares Bitcoin ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were issued a $0.0143 dividend. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, March 2nd. This is an increase from ProShares Bitcoin ETF’s previous monthly dividend of $0.01.

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.