Acorns Advisers LLC Buys 258,155 Shares of ProShares Bitcoin ETF $BITO

Acorns Advisers LLC increased its stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 7.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,928,302 shares of the company’s stock after purchasing an additional 258,155 shares during the quarter. ProShares Bitcoin ETF makes up about 0.7% of Acorns Advisers LLC’s portfolio, making the stock its 9th largest holding. Acorns Advisers LLC owned about 3.24% of ProShares Bitcoin ETF worth $84,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. PNC Financial Services Group Inc. acquired a new stake in ProShares Bitcoin ETF in the second quarter valued at approximately $28,000. Dagco Inc. acquired a new stake in shares of ProShares Bitcoin ETF during the 1st quarter valued at $29,000. Cedar Mountain Advisors LLC grew its position in ProShares Bitcoin ETF by 43.7% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 1,801 shares of the company’s stock worth $39,000 after acquiring an additional 548 shares during the last quarter. Headlands Technologies LLC grew its position in ProShares Bitcoin ETF by 368.9% during the 1st quarter. Headlands Technologies LLC now owns 3,418 shares of the company’s stock worth $63,000 after acquiring an additional 2,689 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in ProShares Bitcoin ETF by 422.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,100 shares of the company’s stock worth $67,000 after purchasing an additional 2,507 shares in the last quarter.

ProShares Bitcoin ETF Trading Up 6.6%

ProShares Bitcoin ETF stock opened at $13.46 on Wednesday. The stock has a 50-day moving average price of $17.11 and a two-hundred day moving average price of $19.76. ProShares Bitcoin ETF has a 12 month low of $12.39 and a 12 month high of $27.88.

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.