Concourse Financial Group Securities Inc. Acquires 1,113 Shares of ProShares Bitcoin ETF (NYSEARCA:BITO)

Concourse Financial Group Securities Inc. raised its holdings in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 650.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,284 shares of the company’s stock after acquiring an additional 1,113 shares during the quarter. Concourse Financial Group Securities Inc.’s holdings in ProShares Bitcoin ETF were worth $29,000 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 the company. Garden State Investment Advisory Services LLC acquired a new stake in ProShares Bitcoin ETF during the 3rd quarter valued at $252,000. JPMorgan Chase & Co. raised its stake in ProShares Bitcoin ETF by 2,930.0% in the third quarter. JPMorgan Chase & Co. now owns 25,179 shares of the company’s stock valued at $483,000 after purchasing an additional 24,348 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in ProShares Bitcoin ETF by 18.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 27,565 shares of the company’s stock valued at $628,000 after purchasing an additional 4,200 shares in the last quarter. Brookstone Capital Management boosted its stake in shares of ProShares Bitcoin ETF by 4.0% in the 4th quarter. Brookstone Capital Management now owns 13,489 shares of the company’s stock valued at $307,000 after purchasing an additional 517 shares in the last quarter. Finally, Arkadios Wealth Advisors bought a new position in ProShares Bitcoin ETF in the 4th quarter valued at approximately $788,000.

ProShares Bitcoin ETF Price Performance

Shares of NYSEARCA:BITO opened at $20.61 on Tuesday. The firm has a 50 day simple moving average of $19.04 and a 200 day simple moving average of $21.80. ProShares Bitcoin ETF has a one year low of $16.11 and a one year high of $28.97.

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.