Franklin Bitcoin ETF (BATS:EZBC – Get Free Report)’s stock price passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $46.43 and traded as high as $46.63. Franklin Bitcoin ETF shares last traded at $46.61, with a volume of 184,855 shares changing hands.
Franklin Bitcoin ETF Stock Performance
The firm has a 50-day moving average price of $46.77 and a two-hundred day moving average price of $42.51.
Institutional Trading of Franklin Bitcoin ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its position in shares of Franklin Bitcoin ETF by 108.1% in the first quarter. NewEdge Advisors LLC now owns 793 shares of the company’s stock valued at $31,000 after purchasing an additional 412 shares during the last quarter. Ballast Advisors LLC purchased a new stake in Franklin Bitcoin ETF in the 1st quarter valued at approximately $47,000. Cassaday & Co Wealth Management LLC acquired a new stake in Franklin Bitcoin ETF during the 1st quarter valued at $49,000. Integrated Wealth Concepts LLC acquired a new stake in Franklin Bitcoin ETF during the 2nd quarter valued at $96,000. Finally, Western Wealth Management LLC grew its holdings in Franklin Bitcoin ETF by 35.7% during the 1st quarter. Western Wealth Management LLC now owns 5,690 shares of the company’s stock valued at $223,000 after buying an additional 1,498 shares during the last quarter.
About Franklin Bitcoin ETF
The Franklin Bitcoin ETF (EZBC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund seeks to replicate the performance of Bitcoin using a Benchmark Rate to determine its value. The fund does not directly invest in Bitcoin EZBC was launched on Jan 11, 2024 and is issued by Franklin Templeton.
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