Legacy Wealth Managment LLC ID Cuts Position in ProShares Bitcoin ETF $BITO

Legacy Wealth Managment LLC ID decreased its stake in ProShares Bitcoin ETF (NYSEARCA:BITO) by 15.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 249,424 shares of the company’s stock after selling 47,022 shares during the quarter. ProShares Bitcoin ETF makes up 1.5% of Legacy Wealth Managment LLC ID’s holdings, making the stock its 14th biggest position. Legacy Wealth Managment LLC ID’s holdings in ProShares Bitcoin ETF were worth $3,033,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. boosted its holdings in ProShares Bitcoin ETF by 83.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 18,502 shares of the company’s stock valued at $225,000 after purchasing an additional 8,425 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in ProShares Bitcoin ETF by 37.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 24,249 shares of the company’s stock worth $295,000 after buying an additional 6,596 shares during the period. Geneos Wealth Management Inc. increased its stake in ProShares Bitcoin ETF by 2,418.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 6,221 shares of the company’s stock worth $76,000 after buying an additional 5,974 shares during the period. Wealth Management Nebraska increased its stake in ProShares Bitcoin ETF by 74.4% during the 4th quarter. Wealth Management Nebraska now owns 43,292 shares of the company’s stock worth $526,000 after buying an additional 18,469 shares during the period. Finally, Villere ST Denis J & Co. LLC increased its position in shares of ProShares Bitcoin ETF by 19.1% in the 4th quarter. Villere ST Denis J & Co. LLC now owns 12,643 shares of the company’s stock valued at $154,000 after purchasing an additional 2,031 shares during the last quarter.

ProShares Bitcoin ETF Price Performance

Shares of NYSEARCA:BITO opened at $10.96 on Friday. ProShares Bitcoin ETF has a 52 week low of $8.61 and a 52 week high of $23.63. The company’s 50 day moving average is $9.92 and its two-hundred day moving average is $12.07.

About ProShares Bitcoin ETF

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.