Fidelity Wise Origin Bitcoin Fund (BATS:FBTC – Get Free Report)’s share price passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $69.91 and traded as high as $70.22. Fidelity Wise Origin Bitcoin Fund shares last traded at $70.19, with a volume of 3,024,224 shares.
Fidelity Wise Origin Bitcoin Fund Stock Performance
The firm has a fifty day moving average price of $69.91 and a 200 day moving average price of $64.11.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Mad River Investors increased its stake in shares of Fidelity Wise Origin Bitcoin Fund by 11.5% in the 3rd quarter. Mad River Investors now owns 78,429 shares of the company’s stock valued at $5,697,000 after buying an additional 8,060 shares during the period. Lynch Investment Planning LLC bought a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the third quarter worth $25,000. Latitude Advisors LLC bought a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the third quarter worth $37,000. Park Avenue Securities LLC raised its position in shares of Fidelity Wise Origin Bitcoin Fund by 23.6% during the third quarter. Park Avenue Securities LLC now owns 192,604 shares of the company’s stock worth $13,991,000 after acquiring an additional 36,819 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its stake in shares of Fidelity Wise Origin Bitcoin Fund by 0.5% during the third quarter. Kingswood Wealth Advisors LLC now owns 109,989 shares of the company’s stock valued at $7,990,000 after acquiring an additional 584 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. FBTC was launched on Jan 10, 2024 and is issued by Fidelity.
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