MFA Wealth Advisors LLC Grows Stock Position in ProShares Bitcoin ETF (NYSEARCA:BITO)

MFA Wealth Advisors LLC raised its holdings in ProShares Bitcoin ETF (NYSEARCA:BITO) by 14.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 202,541 shares of the company’s stock after buying an additional 25,138 shares during the quarter. ProShares Bitcoin ETF makes up approximately 1.2% of MFA Wealth Advisors LLC’s holdings, making the stock its 23rd largest holding. MFA Wealth Advisors LLC owned 0.24% of ProShares Bitcoin ETF worth $4,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. LGT Financial Advisors LLC acquired a new position in shares of ProShares Bitcoin ETF during the third quarter worth $28,000. Hantz Financial Services Inc. grew its position in shares of ProShares Bitcoin ETF by 408.4% during the third quarter. Hantz Financial Services Inc. now owns 1,459 shares of the company’s stock worth $28,000 after buying an additional 1,172 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in ProShares Bitcoin ETF in the third quarter valued at $29,000. Cedar Mountain Advisors LLC boosted its stake in ProShares Bitcoin ETF by 57.8% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 1,769 shares of the company’s stock valued at $34,000 after acquiring an additional 648 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC grew its holdings in ProShares Bitcoin ETF by 152.2% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 1,498 shares of the company’s stock worth $34,000 after acquiring an additional 904 shares in the last quarter.

ProShares Bitcoin ETF Stock Performance

Shares of ProShares Bitcoin ETF stock opened at $22.28 on Monday. ProShares Bitcoin ETF has a 1 year low of $16.11 and a 1 year high of $33.79. The firm’s 50-day simple moving average is $24.42 and its 200-day simple moving average is $21.64.

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.