Evolution Wealth Advisors LLC Sells 1,500 Shares of ProShares Bitcoin ETF (NYSEARCA:BITO)

Evolution Wealth Advisors LLC trimmed its holdings in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 7.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,982 shares of the company’s stock after selling 1,500 shares during the quarter. Evolution Wealth Advisors LLC’s holdings in ProShares Bitcoin ETF were worth $364,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Oppenheimer & Co. Inc. boosted its holdings in shares of ProShares Bitcoin ETF by 12.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 11,979 shares of the company’s stock valued at $387,000 after acquiring an additional 1,373 shares during the last quarter. Natixis purchased a new stake in ProShares Bitcoin ETF in the first quarter worth approximately $40,000. Burns Matteson Capital Management LLC bought a new stake in ProShares Bitcoin ETF in the 1st quarter worth approximately $221,000. CreativeOne Wealth LLC purchased a new stake in ProShares Bitcoin ETF during the 1st quarter valued at $217,000. Finally, Toronto Dominion Bank bought a new position in shares of ProShares Bitcoin ETF during the 1st quarter valued at $484,000.

ProShares Bitcoin ETF Stock Performance

BITO stock opened at $24.66 on Friday. ProShares Bitcoin ETF has a 1 year low of $16.11 and a 1 year high of $33.79. The stock’s fifty day moving average price is $19.29 and its 200-day moving average price is $21.62.

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.