MFA Wealth Advisors LLC Has $4.61 Million Holdings in ProShares Bitcoin ETF (NYSEARCA:BITO)

MFA Wealth Advisors LLC lifted its holdings in ProShares Bitcoin ETF (NYSEARCA:BITO) by 14.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 202,541 shares of the company’s stock after buying an additional 25,138 shares during the period. ProShares Bitcoin ETF comprises approximately 1.2% of MFA Wealth Advisors LLC’s portfolio, making the stock its 23rd biggest position. MFA Wealth Advisors LLC’s holdings in ProShares Bitcoin ETF were worth $4,614,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Whitebox Advisors LLC increased its position in shares of ProShares Bitcoin ETF by 19.7% during the third quarter. Whitebox Advisors LLC now owns 697,042 shares of the company’s stock valued at $13,376,000 after purchasing an additional 114,872 shares during the period. Legacy Investment Solutions LLC bought a new position in ProShares Bitcoin ETF during the third quarter worth about $11,254,000. IHT Wealth Management LLC boosted its holdings in ProShares Bitcoin ETF by 100.5% during the third quarter. IHT Wealth Management LLC now owns 196,782 shares of the company’s stock valued at $3,619,000 after purchasing an additional 98,643 shares in the last quarter. Total Investment Management Inc. grew its stake in shares of ProShares Bitcoin ETF by 118.4% in the 3rd quarter. Total Investment Management Inc. now owns 150,982 shares of the company’s stock valued at $2,897,000 after purchasing an additional 81,836 shares during the period. Finally, IMC Chicago LLC acquired a new position in shares of ProShares Bitcoin ETF in the 4th quarter worth approximately $2,659,000.

ProShares Bitcoin ETF Price Performance

Shares of NYSEARCA BITO opened at $22.28 on Monday. ProShares Bitcoin ETF has a 52-week low of $16.11 and a 52-week high of $33.79. The business has a fifty day moving average of $24.42 and a two-hundred day moving average of $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.