Grant Private Wealth Management Inc Invests $302,000 in ProShares Bitcoin ETF (NYSEARCA:BITO)

Grant Private Wealth Management Inc purchased a new position in ProShares Bitcoin ETF (NYSEARCA:BITO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,716 shares of the company’s stock, valued at approximately $302,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in shares of ProShares Bitcoin ETF by 2,930.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 25,179 shares of the company’s stock valued at $483,000 after buying an additional 24,348 shares in the last quarter. Brookstone Capital Management lifted its position in 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 period. Realta Investment Advisors boosted its position in shares of ProShares Bitcoin ETF by 898.4% during the 4th quarter. Realta Investment Advisors now owns 102,439 shares of the company’s stock valued at $2,459,000 after acquiring an additional 92,179 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of ProShares Bitcoin ETF by 82.8% in the 4th quarter. Proficio Capital Partners LLC now owns 317,005 shares of the company’s stock valued at $7,221,000 after purchasing an additional 143,570 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in ProShares Bitcoin ETF by 54.1% during the third quarter. Thrivent Financial for Lutherans now owns 14,829 shares of the company’s stock worth $285,000 after acquiring an additional 5,206 shares in the last quarter.

ProShares Bitcoin ETF Stock Up 2.4 %

Shares of ProShares Bitcoin ETF stock opened at $18.93 on Thursday. ProShares Bitcoin ETF has a 1-year low of $16.11 and a 1-year high of $31.73. The firm’s 50-day moving average price is $20.98 and its two-hundred day moving average price is $21.77.

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.