Vision Financial Markets LLC Decreases Position in ProShares Bitcoin ETF $BITO

Vision Financial Markets LLC reduced its stake in ProShares Bitcoin ETF (NYSEARCA:BITO) by 71.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,774 shares of the company’s stock after selling 63,365 shares during the period. Vision Financial Markets LLC’s holdings in ProShares Bitcoin ETF were worth $507,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. acquired a new position in shares of ProShares Bitcoin ETF in the 2nd quarter valued at $28,000. ST Germain D J Co. Inc. boosted its stake in ProShares Bitcoin ETF by 55.4% in the third quarter. ST Germain D J Co. Inc. now owns 1,462 shares of the company’s stock valued at $29,000 after acquiring an additional 521 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of ProShares Bitcoin ETF by 422.8% during the second 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 during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of ProShares Bitcoin ETF during the second quarter worth about $67,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of ProShares Bitcoin ETF by 58.8% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,269 shares of the company’s stock valued at $92,000 after purchasing an additional 1,580 shares during the last quarter.

ProShares Bitcoin ETF Price Performance

Shares of NYSEARCA BITO opened at $9.51 on Wednesday. The business has a 50-day moving average price of $12.35 and a 200 day moving average price of $16.43. ProShares Bitcoin ETF has a 52-week low of $8.61 and a 52-week high of $23.63.

ProShares Bitcoin ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were given a dividend of $0.0097 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%.

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.