Destiny Tech100 (NYSE:DXYZ) Trading Up 5.8% – Should You Buy?

Destiny Tech100 Inc. (NYSE:DXYZ)’s share price rose 5.8% during trading on Thursday . The company traded as high as $40.39 and last traded at $38.1630. Approximately 6,898,142 shares traded hands during trading, an increase of 143% from the average daily volume of 2,838,613 shares. The stock had previously closed at $36.06.

Destiny Tech100 Stock Performance

The stock’s 50 day simple moving average is $40.25 and its 200-day simple moving average is $32.78.

Hedge Funds Weigh In On Destiny Tech100

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted its holdings in Destiny Tech100 by 51.2% in the first quarter. Geneos Wealth Management Inc. now owns 980 shares of the company’s stock valued at $26,000 after purchasing an additional 332 shares during the period. Sunbelt Securities Inc. purchased a new stake in Destiny Tech100 during the 4th quarter worth about $28,000. CWM LLC purchased a new stake in Destiny Tech100 during the 4th quarter worth about $37,000. Royal Bank of Canada raised its position in Destiny Tech100 by 131.4% in the 1st quarter. Royal Bank of Canada now owns 1,439 shares of the company’s stock valued at $38,000 after purchasing an additional 817 shares in the last quarter. Finally, Clearstead Trust LLC acquired a new stake in Destiny Tech100 in the 4th quarter valued at about $42,000.