Destiny Tech100 (NYSE:DXYZ) Trading Up 4.2% – Should You Buy?

Shares of Destiny Tech100 Inc. (NYSE:DXYZ) traded up 4.2% on Friday . The stock traded as high as $48.99 and last traded at $47.4140. 5,142,786 shares traded hands during trading, an increase of 145% from the average session volume of 2,096,567 shares. The stock had previously closed at $45.52.

Destiny Tech100 Stock Performance

The company has a fifty day simple moving average of $31.50 and a two-hundred day simple moving average of $29.40.

Institutional Trading of Destiny Tech100

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cetera Investment Advisers raised its stake in shares of Destiny Tech100 by 403.9% in the 1st quarter. Cetera Investment Advisers now owns 167,973 shares of the company’s stock valued at $4,498,000 after purchasing an additional 134,638 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Destiny Tech100 by 36.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,962 shares of the company’s stock valued at $186,000 after purchasing an additional 1,870 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Destiny Tech100 by 51.2% in the 1st 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. Sovran Advisors LLC acquired a new stake in shares of Destiny Tech100 in the 1st quarter valued at about $491,000. Finally, Kestra Advisory Services LLC raised its stake in shares of Destiny Tech100 by 157.8% in the 1st quarter. Kestra Advisory Services LLC now owns 140,185 shares of the company’s stock valued at $3,754,000 after purchasing an additional 85,803 shares during the period.