Sowell Financial Services LLC Acquires 28,410 Shares of Destiny Tech100 Inc. $DXYZ

Sowell Financial Services LLC lifted its holdings in Destiny Tech100 Inc. (NYSE:DXYZ) by 99.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 57,075 shares of the company’s stock after purchasing an additional 28,410 shares during the period. Sowell Financial Services LLC owned about 0.52% of Destiny Tech100 worth $1,761,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DXYZ. TD Waterhouse Canada Inc. increased its holdings in Destiny Tech100 by 3,200.0% during the third quarter. TD Waterhouse Canada Inc. now owns 825 shares of the company’s stock valued at $26,000 after buying an additional 800 shares during the period. Geneos Wealth Management Inc. raised its stake in Destiny Tech100 by 51.2% in the first quarter. Geneos Wealth Management Inc. now owns 980 shares of the company’s stock worth $26,000 after buying an additional 332 shares in the last quarter. Royal Bank of Canada raised its stake in Destiny Tech100 by 131.4% in the first quarter. Royal Bank of Canada now owns 1,439 shares of the company’s stock worth $38,000 after buying an additional 817 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Destiny Tech100 by 120.0% during the first quarter. NewEdge Advisors LLC now owns 1,582 shares of the company’s stock worth $42,000 after buying an additional 863 shares during the period. Finally, Compass Financial Management LLC purchased a new stake in Destiny Tech100 during the second quarter worth $59,000.

Insider Activity

In related news, CEO Sohail Prasad purchased 33,000 shares of Destiny Tech100 stock in a transaction dated Tuesday, September 1st. The stock was purchased at an average cost of $31.40 per share, with a total value of $1,036,200.00. Following the transaction, the chief executive officer owned 41,000 shares in the company, valued at approximately $1,287,400. The trade was a 412.50% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders acquired 56,753 shares of company stock valued at $1,792,336. Company insiders own 9.90% of the company’s stock.

Destiny Tech100 Stock Down 7.3%

Shares of NYSE DXYZ opened at $26.88 on Friday. The stock’s fifty day simple moving average is $31.50 and its two-hundred day simple moving average is $32.94. Destiny Tech100 Inc. has a 12-month low of $19.71 and a 12-month high of $72.87.

Destiny Tech100 Inc is a non-diversified closed-end management investment company focused on providing investors with exposure to privately held technology companies. The company invests primarily in late-stage, venture-backed businesses that operate in areas such as artificial intelligence, space technology, fintech, cybersecurity, and other technology-driven industries.

Through its investment portfolio, Destiny Tech100 seeks to hold interests in a select group of private technology companies rather than operating technology businesses or selling products and services directly to consumers.