Wealth Management Nebraska Makes New $349,000 Investment in ProShares Bitcoin ETF (NYSEARCA:BITO)

Wealth Management Nebraska bought a new stake in ProShares Bitcoin ETF (NYSEARCA:BITO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 15,312 shares of the company’s stock, valued at approximately $349,000.

Other hedge funds have also made changes to their positions in the company. Concurrent Investment Advisors LLC acquired a new position in ProShares Bitcoin ETF in the 4th quarter valued at approximately $229,000. Atria Wealth Solutions Inc. purchased a new position in shares of ProShares Bitcoin ETF during the 4th quarter valued at $363,000. Tcfg Wealth Management LLC acquired a new position in shares of ProShares Bitcoin ETF in the fourth quarter worth $865,000. Allworth Financial LP raised its holdings in shares of ProShares Bitcoin ETF by 333.9% during the fourth quarter. Allworth Financial LP now owns 4,053 shares of the company’s stock worth $92,000 after acquiring an additional 3,119 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in ProShares Bitcoin ETF during the fourth quarter valued at $1,021,000.

ProShares Bitcoin ETF Stock Down 4.0 %

Shares of BITO stock opened at $21.96 on Friday. ProShares Bitcoin ETF has a fifty-two week low of $16.11 and a fifty-two week high of $33.79. The stock’s 50-day moving average is $23.90 and its two-hundred day moving average is $21.64.

ProShares Bitcoin ETF Company 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.