Fielder Capital Group LLC Has $7.58 Million Stock Position in ProShares Bitcoin ETF $BITO

Fielder Capital Group LLC lifted its position in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 22.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 623,036 shares of the company’s stock after buying an additional 114,561 shares during the quarter. ProShares Bitcoin ETF comprises 1.6% of Fielder Capital Group LLC’s holdings, making the stock its 19th biggest position. Fielder Capital Group LLC owned 0.29% of ProShares Bitcoin ETF worth $7,576,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of BITO. Acorns Advisers LLC increased its position in shares of ProShares Bitcoin ETF by 16.5% in the third quarter. Acorns Advisers LLC now owns 4,576,226 shares of the company’s stock worth $90,060,000 after purchasing an additional 647,924 shares during the period. Tidal Investments LLC increased its position in shares of 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 purchasing an additional 530,987 shares during the period. HighTower Advisors LLC increased its position in shares of ProShares Bitcoin ETF by 1,197.5% in the fourth quarter. HighTower Advisors LLC now owns 396,126 shares of the company’s stock worth $4,817,000 after purchasing an additional 365,596 shares during the period. JPMorgan Chase & Co. increased its position in shares of ProShares Bitcoin ETF by 112.2% in the second quarter. JPMorgan Chase & Co. now owns 33,170 shares of the company’s stock worth $713,000 after purchasing an additional 304,338 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of ProShares Bitcoin ETF in the third quarter worth $4,596,000.

ProShares Bitcoin ETF Stock Performance

Shares of NYSEARCA BITO opened at $9.74 on Tuesday. ProShares Bitcoin ETF has a 52 week low of $8.61 and a 52 week high of $23.49. The stock’s fifty day moving average is $10.22 and its 200 day moving average is $11.25.

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.