Dynamic Advisor Solutions LLC Sells 195,430 Shares of ProShares Bitcoin ETF $BITO

Dynamic Advisor Solutions LLC lowered its stake in ProShares Bitcoin ETF (NYSEARCA:BITO) by 94.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,359 shares of the company’s stock after selling 195,430 shares during the period. Dynamic Advisor Solutions LLC’s holdings in ProShares Bitcoin ETF were worth $138,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Acorns Advisers LLC increased its position in ProShares Bitcoin ETF by 16.5% during the 3rd quarter. Acorns Advisers LLC now owns 4,576,226 shares of the company’s stock valued at $90,060,000 after buying an additional 647,924 shares in the last quarter. Tidal Investments LLC boosted its holdings in ProShares Bitcoin ETF by 139.3% in the third quarter. Tidal Investments LLC now owns 912,135 shares of the company’s stock worth $17,165,000 after acquiring an additional 530,987 shares in the last quarter. Faithward Advisors LLC grew its stake in shares of ProShares Bitcoin ETF by 3.0% in the second quarter. Faithward Advisors LLC now owns 785,517 shares of the company’s stock worth $16,896,000 after acquiring an additional 23,237 shares during the last quarter. Fielder Capital Group LLC grew its stake in shares of ProShares Bitcoin ETF by 14.5% in the third quarter. Fielder Capital Group LLC now owns 508,475 shares of the company’s stock worth $10,007,000 after acquiring an additional 64,525 shares during the last quarter. Finally, Realta Investment Advisors increased its holdings in shares of ProShares Bitcoin ETF by 23.0% during the third quarter. Realta Investment Advisors now owns 262,617 shares of the company’s stock valued at $5,168,000 after acquiring an additional 49,096 shares in the last quarter.

ProShares Bitcoin ETF Stock Down 3.7%

BITO opened at $9.07 on Friday. The stock has a 50-day moving average price of $10.13 and a 200-day moving average price of $13.88. ProShares Bitcoin ETF has a 1 year low of $8.61 and a 1 year high of $23.63.

ProShares Bitcoin ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were paid a $0.0143 dividend. This is a boost from ProShares Bitcoin ETF’s previous monthly dividend of $0.01. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, March 2nd.

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.