CIBC Private Wealth Group LLC Increases Stake in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO)

CIBC Private Wealth Group LLC lifted its holdings in shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITOFree Report) by 14.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,485 shares of the company’s stock after acquiring an additional 3,245 shares during the period. CIBC Private Wealth Group LLC’s holdings in ProShares Bitcoin Strategy ETF were worth $522,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BITO. Geneos Wealth Management Inc. acquired a new stake in shares of ProShares Bitcoin Strategy ETF during the 4th quarter worth about $25,000. Benjamin Edwards Inc. acquired a new position in ProShares Bitcoin Strategy ETF during the fourth quarter worth approximately $37,000. Valley National Advisers Inc. acquired a new position in ProShares Bitcoin Strategy ETF during the fourth quarter worth approximately $40,000. Larson Financial Group LLC increased its position in ProShares Bitcoin Strategy ETF by 19.5% during the fourth quarter. Larson Financial Group LLC now owns 3,230 shares of the company’s stock worth $66,000 after buying an additional 527 shares during the period. Finally, UMB Bank n.a. acquired a new position in ProShares Bitcoin Strategy ETF during the fourth quarter worth approximately $74,000.

ProShares Bitcoin Strategy ETF Stock Up 0.3 %

BITO opened at $26.24 on Tuesday. ProShares Bitcoin Strategy ETF has a 52 week low of $12.79 and a 52 week high of $33.79. The business’s 50 day moving average is $27.39 and its two-hundred day moving average is $25.14.

About ProShares Bitcoin Strategy ETF

(Free Report)

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 Strategy ETF (NYSEARCA:BITOFree Report).

Institutional Ownership by Quarter for ProShares Bitcoin Strategy ETF (NYSEARCA:BITO)

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