Total Investment Management Inc. Has $879,000 Position in ProShares Bitcoin ETF (NYSEARCA:BITO)

Total Investment Management Inc. cut its stake in ProShares Bitcoin ETF (NYSEARCA:BITO) by 74.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,581 shares of the company’s stock after selling 112,401 shares during the period. Total Investment Management Inc.’s holdings in ProShares Bitcoin ETF were worth $879,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in ProShares Bitcoin ETF by 2,930.0% in the third quarter. JPMorgan Chase & Co. now owns 25,179 shares of the company’s stock valued at $483,000 after acquiring an additional 24,348 shares during the last quarter. Brookstone Capital Management boosted its holdings in ProShares Bitcoin ETF by 4.0% in the fourth quarter. Brookstone Capital Management now owns 13,489 shares of the company’s stock valued at $307,000 after acquiring an additional 517 shares during the last quarter. Kingsview Wealth Management LLC lifted its stake in ProShares Bitcoin ETF by 10.3% in the third quarter. Kingsview Wealth Management LLC now owns 21,470 shares of the company’s stock valued at $412,000 after buying an additional 2,000 shares during the period. Realta Investment Advisors lifted its stake in ProShares Bitcoin ETF by 898.4% in the fourth quarter. Realta Investment Advisors now owns 102,439 shares of the company’s stock valued at $2,459,000 after buying an additional 92,179 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in ProShares Bitcoin ETF by 7.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 23,365 shares of the company’s stock valued at $448,000 after buying an additional 1,642 shares during the period.

ProShares Bitcoin ETF Price Performance

Shares of BITO opened at $22.62 on Monday. ProShares Bitcoin ETF has a 52-week low of $16.11 and a 52-week high of $33.79. The business’s 50 day moving average price is $24.13 and its two-hundred day moving average price is $21.61.

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.