Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Reaches New 12-Month High – What’s Next?

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) shares reached a new 52-week high on Tuesday . The company traded as high as $76.61 and last traded at $76.03, with a volume of 3251974 shares. The stock had previously closed at $76.14.

Fidelity Wise Origin Bitcoin Fund Stock Performance

The company has a fifty day moving average price of $57.20 and a 200-day moving average price of $55.93.

Institutional Investors Weigh In On Fidelity Wise Origin Bitcoin Fund

Large investors have recently bought and sold shares of the business. Teachers Insurance & Annuity Association of America acquired a new stake in Fidelity Wise Origin Bitcoin Fund in the 3rd quarter worth approximately $52,000. Fiduciary Trust Co raised its position in shares of Fidelity Wise Origin Bitcoin Fund by 5.4% in the third quarter. Fiduciary Trust Co now owns 43,757 shares of the company’s stock valued at $2,430,000 after purchasing an additional 2,225 shares during the period. CreativeOne Wealth LLC acquired a new stake in shares of Fidelity Wise Origin Bitcoin Fund in the third quarter worth $239,000. Townsquare Capital LLC lifted its stake in shares of Fidelity Wise Origin Bitcoin Fund by 4.6% in the third quarter. Townsquare Capital LLC now owns 52,773 shares of the company’s stock worth $2,930,000 after buying an additional 2,300 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 1,251.8% during the 3rd quarter. Bank of Montreal Can now owns 109,822 shares of the company’s stock worth $6,307,000 after buying an additional 101,698 shares during the period.

About Fidelity Wise Origin Bitcoin Fund

The Fidelity Wise Origin Bitcoin Fund (FBTC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of bitcoin (BTC) using a Bitcoin price feed. An investment in the fund is not a direct investment in bitcoin.