Geneos Wealth Management Inc. Has $125,000 Stock Holdings in ProShares Bitcoin ETF (NYSEARCA:BITO)

Geneos Wealth Management Inc. boosted its position in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 9.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,474 shares of the company’s stock after purchasing an additional 464 shares during the quarter. Geneos Wealth Management Inc.’s holdings in ProShares Bitcoin ETF were worth $125,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of BITO. NewEdge Advisors LLC increased its holdings in shares of ProShares Bitcoin ETF by 14.1% in the second quarter. NewEdge Advisors LLC now owns 59,744 shares of the company’s stock worth $1,345,000 after acquiring an additional 7,405 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in ProShares Bitcoin ETF during the 2nd quarter worth approximately $659,000. Thrive Wealth Management LLC raised its holdings in ProShares Bitcoin ETF by 22.6% during the 3rd quarter. Thrive Wealth Management LLC now owns 12,615 shares of the company’s stock worth $242,000 after buying an additional 2,325 shares during the period. Dynamic Advisor Solutions LLC lifted its stake in ProShares Bitcoin ETF by 50.3% in the third quarter. Dynamic Advisor Solutions LLC now owns 60,637 shares of the company’s stock valued at $1,164,000 after buying an additional 20,306 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its holdings in shares of ProShares Bitcoin ETF by 1,200.0% in the third quarter. Hexagon Capital Partners LLC now owns 1,300 shares of the company’s stock valued at $25,000 after buying an additional 1,200 shares during the period.

ProShares Bitcoin ETF Stock Performance

Shares of NYSEARCA:BITO opened at $25.46 on Friday. ProShares Bitcoin ETF has a 12 month low of $16.11 and a 12 month high of $33.79. The company’s fifty day simple moving average is $24.76 and its 200 day simple moving average is $21.61.

ProShares Bitcoin ETF 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.