Fidelity Wise Origin Bitcoin Fund (BATS:FBTC – Get Free Report)’s stock price traded up 2.1% during mid-day trading on Monday . The company traded as high as $69.04 and last traded at $68.69. 3,419,744 shares traded hands during trading, a decline of 30% from the average daily volume of 4,913,661 shares. The stock had previously closed at $67.25.
Fidelity Wise Origin Bitcoin Fund Price Performance
The company has a fifty day simple moving average of $60.51 and a 200-day simple moving average of $61.05.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of FBTC. SkyView Investment Advisors LLC boosted its position in shares of Fidelity Wise Origin Bitcoin Fund by 33.3% during the 2nd quarter. SkyView Investment Advisors LLC now owns 8,000 shares of the company’s stock valued at $408,000 after acquiring an additional 2,000 shares in the last quarter. IPG Investment Advisors LLC raised its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 38.9% in the 2nd quarter. IPG Investment Advisors LLC now owns 48,962 shares of the company’s stock worth $2,500,000 after buying an additional 13,702 shares in the last quarter. NorthRock Partners LLC bought a new stake in Fidelity Wise Origin Bitcoin Fund in the second quarter valued at $221,000. Waverly Advisors LLC lifted its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 9.3% during the second quarter. Waverly Advisors LLC now owns 29,274 shares of the company’s stock valued at $1,494,000 after acquiring an additional 2,497 shares during the period. Finally, Guardian Wealth Advisors LLC NC grew its stake in Fidelity Wise Origin Bitcoin Fund by 16.5% during the second quarter. Guardian Wealth Advisors LLC NC now owns 4,987 shares of the company’s stock worth $255,000 after buying an additional 705 shares during the last quarter.
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.
Further Reading
- Five stocks we like better than Fidelity Wise Origin Bitcoin Fund
- Holiday Shopping Is Almost Here—And Target May Be Ready to Win Big
- AI Panic Hit Tech Stocks—But NVIDIA’s Growth Engine Is Intact
- 5 Buy-and-Hold Stocks Built to Weather a Volatile Market
- Movado’s Turnaround Gains Momentum
Receive News & Ratings for Fidelity Wise Origin Bitcoin Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Wise Origin Bitcoin Fund and related companies with MarketBeat.com's FREE daily email newsletter.
