B. Riley Wealth Advisors Inc. Makes New Investment in ProShares Bitcoin ETF $BITO

B. Riley Wealth Advisors Inc. purchased a new position in ProShares Bitcoin ETF (NYSEARCA:BITO) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 46,060 shares of the company’s stock, valued at approximately $991,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Interchange Capital Partners LLC lifted its position in shares of ProShares Bitcoin ETF by 3.2% during the 2nd quarter. Interchange Capital Partners LLC now owns 14,658 shares of the company’s stock valued at $315,000 after acquiring an additional 455 shares during the last quarter. Cedar Mountain Advisors LLC boosted its position in shares of ProShares Bitcoin ETF by 43.7% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 1,801 shares of the company’s stock valued at $39,000 after purchasing an additional 548 shares during the period. Geneos Wealth Management Inc. increased its stake in ProShares Bitcoin ETF by 10.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 6,039 shares of the company’s stock worth $111,000 after purchasing an additional 565 shares in the last quarter. Triumph Capital Management raised its holdings in ProShares Bitcoin ETF by 1.7% during the 2nd quarter. Triumph Capital Management now owns 35,827 shares of the company’s stock worth $771,000 after buying an additional 604 shares during the period. Finally, Cerity Partners LLC lifted its stake in ProShares Bitcoin ETF by 4.1% during the second quarter. Cerity Partners LLC now owns 16,298 shares of the company’s stock valued at $351,000 after buying an additional 635 shares in the last quarter.

ProShares Bitcoin ETF Stock Down 5.0%

Shares of BITO opened at $12.67 on Tuesday. ProShares Bitcoin ETF has a 52 week low of $12.39 and a 52 week high of $27.88. The company has a 50-day simple moving average of $15.99 and a 200-day simple moving average of $19.17.

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.