Franklin Bitcoin ETF (NYSEARCA:EZBC – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $48.75, but opened at $54.03. Franklin Bitcoin ETF shares last traded at $51.94, with a volume of 146,887 shares traded.
Franklin Bitcoin ETF Price Performance
The business’s 50 day moving average is $56.11 and its 200-day moving average is $47.94.
Hedge Funds Weigh In On Franklin Bitcoin ETF
Several hedge funds and other institutional investors have recently modified their holdings of EZBC. Eagle Global Advisors LLC bought a new stake in shares of Franklin Bitcoin ETF during the 4th quarter worth $374,000. Cetera Investment Advisers boosted its stake in shares of Franklin Bitcoin ETF by 1,987.3% in the 4th quarter. Cetera Investment Advisers now owns 126,615 shares of the company’s stock valued at $6,856,000 after purchasing an additional 120,549 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Franklin Bitcoin ETF by 42.4% during the 4th quarter. Captrust Financial Advisors now owns 10,922 shares of the company’s stock valued at $591,000 after purchasing an additional 3,250 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in Franklin Bitcoin ETF by 7.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 131,323 shares of the company’s stock worth $7,111,000 after purchasing an additional 9,045 shares in the last quarter. Finally, Zacks Investment Management lifted its stake in Franklin Bitcoin ETF by 8.9% in the 4th quarter. Zacks Investment Management now owns 15,757 shares of the company’s stock valued at $853,000 after purchasing an additional 1,290 shares during the last quarter.
Franklin Bitcoin ETF Company Profile
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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