Avestar Capital LLC Invests $205,000 in ProShares Bitcoin ETF (NYSEARCA:BITO)

Avestar Capital LLC bought a new stake in ProShares Bitcoin ETF (NYSEARCA:BITO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,000 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Geneos Wealth Management Inc. grew its holdings in ProShares Bitcoin ETF by 9.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 5,474 shares of the company’s stock worth $125,000 after acquiring an additional 464 shares during the last quarter. Brookstone Capital Management grew its stake in shares of ProShares Bitcoin ETF by 4.0% during the fourth quarter. Brookstone Capital Management now owns 13,489 shares of the company’s stock valued at $307,000 after purchasing an additional 517 shares during the last quarter. PFG Investments LLC grew its stake in shares of ProShares Bitcoin ETF by 2.2% during the fourth quarter. PFG Investments LLC now owns 26,845 shares of the company’s stock valued at $612,000 after purchasing an additional 582 shares during the last quarter. Caitlin John LLC increased its holdings in shares of ProShares Bitcoin ETF by 35.7% in the fourth quarter. Caitlin John LLC now owns 3,114 shares of the company’s stock valued at $71,000 after purchasing an additional 820 shares in the last quarter. Finally, Interchange Capital Partners LLC raised its position in ProShares Bitcoin ETF by 6.4% in the 3rd quarter. Interchange Capital Partners LLC now owns 14,364 shares of the company’s stock worth $276,000 after purchasing an additional 858 shares during the last quarter.

ProShares Bitcoin ETF Stock Up 1.1 %

NYSEARCA:BITO opened at $22.62 on Friday. The stock’s fifty day moving average price is $24.13 and its two-hundred day moving average price is $21.61. ProShares Bitcoin ETF has a 52-week low of $16.11 and a 52-week high of $33.79.

ProShares Bitcoin ETF Company 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.