Venturi Wealth Management LLC Takes Position in ProShares Bitcoin ETF (NYSEARCA:BITO)

Venturi Wealth Management LLC acquired a new position in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,500 shares of the company’s stock, valued at approximately $29,000.

Several other institutional investors have also added to or reduced their stakes in BITO. LGT Financial Advisors LLC acquired a new stake in ProShares Bitcoin ETF in the 3rd quarter valued at approximately $28,000. Forum Financial Management LP bought a new position in shares of ProShares Bitcoin ETF during the 3rd quarter worth approximately $672,000. Realta Investment Advisors acquired a new stake in shares of ProShares Bitcoin ETF in the third quarter valued at approximately $193,000. Interchange Capital Partners LLC lifted its position in shares of ProShares Bitcoin ETF by 6.4% in the third quarter. Interchange Capital Partners LLC now owns 14,364 shares of the company’s stock worth $276,000 after purchasing an additional 858 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in ProShares Bitcoin ETF by 7.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 23,365 shares of the company’s stock worth $448,000 after purchasing an additional 1,642 shares during the last quarter.

ProShares Bitcoin ETF Trading Up 4.6 %

BITO opened at $24.66 on Friday. The business’s 50-day simple moving average is $19.29 and its 200 day simple moving average is $21.62. ProShares Bitcoin ETF has a 52-week low of $16.11 and a 52-week high of $33.79.

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.