Fidelity Wise Origin Bitcoin Fund (BATS:FBTC – Get Free Report)’s stock price crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-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 trading hands.
Fidelity Wise Origin Bitcoin Fund Stock Down 0.9%
The firm’s fifty day moving average price is $70.42 and its 200-day moving average price is $64.03.
Hedge Funds Weigh In On Fidelity Wise Origin Bitcoin Fund
Hedge funds and other institutional investors have recently modified their holdings of the company. Trek Financial LLC lifted its position in shares of Fidelity Wise Origin Bitcoin Fund by 43.4% in the third quarter. Trek Financial LLC now owns 7,278 shares of the company’s stock valued at $529,000 after acquiring an additional 2,204 shares in the last quarter. DecisionMap Wealth Management LLC lifted its position in Fidelity Wise Origin Bitcoin Fund by 2.9% during the third quarter. DecisionMap Wealth Management LLC now owns 67,299 shares of the company’s stock valued at $4,889,000 after purchasing an additional 1,909 shares during the last quarter. Vise Technologies Inc. grew its position in Fidelity Wise Origin Bitcoin Fund by 31.0% in the third quarter. Vise Technologies Inc. now owns 25,869 shares of the company’s stock worth $1,879,000 after acquiring an additional 6,127 shares in the last quarter. MGO One Seven LLC increased its position in shares of Fidelity Wise Origin Bitcoin Fund by 45.7% during the 3rd quarter. MGO One Seven LLC now owns 13,036 shares of the company’s stock valued at $947,000 after purchasing an additional 4,087 shares during the last quarter. Finally, Greenup Street Wealth Management LLC purchased a new stake in shares of Fidelity Wise Origin Bitcoin Fund in the third quarter valued at $281,000.
Fidelity Wise Origin Bitcoin Fund Company Profile
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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