Silver Oak Securities Incorporated Has $528,000 Stock Holdings in ProShares Bitcoin ETF (NYSEARCA:BITO)

Silver Oak Securities Incorporated lowered its stake in ProShares Bitcoin ETF (NYSEARCA:BITO) by 64.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,957 shares of the company’s stock after selling 41,587 shares during the period. Silver Oak Securities Incorporated’s holdings in ProShares Bitcoin ETF were worth $528,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in shares of ProShares Bitcoin ETF by 2,930.0% during the third quarter. JPMorgan Chase & Co. now owns 25,179 shares of the company’s stock worth $483,000 after purchasing an additional 24,348 shares during the last quarter. Brookstone Capital Management grew its stake in shares of ProShares Bitcoin ETF by 4.0% in the fourth quarter. Brookstone Capital Management now owns 13,489 shares of the company’s stock worth $307,000 after purchasing an additional 517 shares during the last quarter. Kingsview Wealth Management LLC increased its holdings in ProShares Bitcoin ETF by 10.3% in the third quarter. Kingsview Wealth Management LLC now owns 21,470 shares of the company’s stock valued at $412,000 after purchasing an additional 2,000 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in ProShares Bitcoin ETF by 7.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 23,365 shares of the company’s stock worth $448,000 after purchasing an additional 1,642 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in ProShares Bitcoin ETF by 54.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 14,829 shares of the company’s stock worth $285,000 after buying an additional 5,206 shares during the period.

ProShares Bitcoin ETF Price Performance

Shares of BITO stock opened at $22.28 on Friday. ProShares Bitcoin ETF has a 1-year low of $16.11 and a 1-year high of $33.79. The stock has a 50-day moving average of $24.49 and a 200-day moving average of $21.66.

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.