ProShares Bitcoin ETF $BITO Position Increased by Acorns Advisers LLC

Acorns Advisers LLC lifted its position in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 16.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,576,226 shares of the company’s stock after acquiring an additional 647,924 shares during the quarter. ProShares Bitcoin ETF accounts for approximately 0.7% of Acorns Advisers LLC’s portfolio, making the stock its 9th largest holding. Acorns Advisers LLC owned about 3.00% of ProShares Bitcoin ETF worth $90,060,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CreativeOne Wealth LLC boosted its stake in shares of ProShares Bitcoin ETF by 23.2% in the third quarter. CreativeOne Wealth LLC now owns 13,371 shares of the company’s stock valued at $263,000 after buying an additional 2,520 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of ProShares Bitcoin ETF by 10.9% in the 3rd quarter. Blair William & Co. IL now owns 11,216 shares of the company’s stock valued at $221,000 after purchasing an additional 1,104 shares in the last quarter. Cedar Wealth Management LLC acquired a new stake in shares of ProShares Bitcoin ETF in the third quarter valued at about $135,000. Aptus Capital Advisors LLC purchased a new stake in ProShares Bitcoin ETF during the third quarter worth about $140,000. Finally, Consolidated Portfolio Review Corp boosted its holdings in ProShares Bitcoin ETF by 13.2% during the third quarter. Consolidated Portfolio Review Corp now owns 16,052 shares of the company’s stock worth $316,000 after buying an additional 1,873 shares in the last quarter.

ProShares Bitcoin ETF Stock Performance

Shares of BITO opened at $9.70 on Friday. ProShares Bitcoin ETF has a twelve month low of $8.61 and a twelve month high of $23.63. The firm’s 50-day moving average is $10.83 and its two-hundred day moving average is $14.67.

ProShares Bitcoin ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were paid a $0.0143 dividend. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from ProShares Bitcoin ETF’s previous monthly dividend of $0.01.

ProShares Bitcoin ETF Company 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.