Avidian Wealth Enterprises LLC Purchases New Holdings in ProShares Bitcoin ETF $BITO

Avidian Wealth Enterprises LLC purchased a new stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 19,433 shares of the company’s stock, valued at approximately $418,000.

A number of other institutional investors and hedge funds also recently modified their holdings of BITO. Cambridge Investment Research Advisors Inc. increased its position in shares of ProShares Bitcoin ETF by 21.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 99,392 shares of the company’s stock valued at $1,821,000 after acquiring an additional 17,337 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in ProShares Bitcoin ETF by 39.3% during the first quarter. Oppenheimer & Co. Inc. now owns 16,215 shares of the company’s stock valued at $297,000 after purchasing an additional 4,578 shares during the period. Jeppson Wealth Management LLC grew its holdings in ProShares Bitcoin ETF by 17.3% during the first quarter. Jeppson Wealth Management LLC now owns 15,263 shares of the company’s stock valued at $280,000 after purchasing an additional 2,247 shares during the period. Cannon Advisors Inc. grew its holdings in ProShares Bitcoin ETF by 25.0% during the first quarter. Cannon Advisors Inc. now owns 23,400 shares of the company’s stock valued at $429,000 after purchasing an additional 4,679 shares during the period. Finally, Concurrent Investment Advisors LLC grew its holdings in ProShares Bitcoin ETF by 41.0% during the first quarter. Concurrent Investment Advisors LLC now owns 14,203 shares of the company’s stock valued at $260,000 after purchasing an additional 4,132 shares during the period.

ProShares Bitcoin ETF Price Performance

Shares of NYSEARCA BITO opened at $17.76 on Thursday. The stock has a fifty day simple moving average of $19.63 and a two-hundred day simple moving average of $20.57. ProShares Bitcoin ETF has a 1-year low of $16.48 and a 1-year high of $27.88.

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.