Legacy Wealth Managment LLC ID Sells 47,022 Shares of ProShares Bitcoin ETF $BITO

Legacy Wealth Managment LLC ID lowered its stake in ProShares Bitcoin ETF (NYSEARCA:BITO) by 15.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 249,424 shares of the company’s stock after selling 47,022 shares during the quarter. ProShares Bitcoin ETF comprises approximately 1.5% of Legacy Wealth Managment LLC ID’s holdings, making the stock its 14th largest holding. Legacy Wealth Managment LLC ID owned 0.12% of ProShares Bitcoin ETF worth $3,033,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Kelleher Financial Advisors purchased a new stake in shares of ProShares Bitcoin ETF during the 3rd quarter valued at about $26,000. Caitlin John LLC purchased a new position in shares of ProShares Bitcoin ETF during the third quarter worth approximately $29,000. Signature Resources Capital Management LLC purchased a new position in shares of ProShares Bitcoin ETF during the fourth quarter worth approximately $31,000. Sunbelt Securities Inc. boosted its stake in shares of ProShares Bitcoin ETF by 432.0% during the third quarter. Sunbelt Securities Inc. now owns 2,128 shares of the company’s stock valued at $42,000 after purchasing an additional 1,728 shares in the last quarter. Finally, MAI Capital Management bought a new position in shares of ProShares Bitcoin ETF during the third quarter valued at approximately $54,000.

ProShares Bitcoin ETF Stock Performance

NYSEARCA BITO opened at $10.96 on Friday. The firm’s 50 day moving average price is $9.92 and its 200-day moving average price is $12.07. ProShares Bitcoin ETF has a 52-week low of $8.61 and a 52-week high of $23.63.

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.