Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Trading Up 5.2% – Time to Buy?

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC)’s stock price rose 5.2% during trading on Monday . The stock traded as high as $77.56 and last traded at $77.09. Approximately 2,451,808 shares were traded during trading, a decline of 44% from the average daily volume of 4,347,952 shares. The stock had previously closed at $73.28.

Fidelity Wise Origin Bitcoin Fund Price Performance

The stock’s 50-day moving average price is $81.68 and its 200 day moving average price is $74.60.

Hedge Funds Weigh In On Fidelity Wise Origin Bitcoin Fund

Several institutional investors have recently modified their holdings of the business. Stephens Consulting LLC raised its stake in shares of Fidelity Wise Origin Bitcoin Fund by 61.5% during the 4th quarter. Stephens Consulting LLC now owns 323 shares of the company’s stock worth $26,000 after buying an additional 123 shares in the last quarter. Thoroughbred Financial Services LLC grew its holdings in Fidelity Wise Origin Bitcoin Fund by 2.6% in the fourth quarter. Thoroughbred Financial Services LLC now owns 6,156 shares of the company’s stock valued at $502,000 after purchasing an additional 156 shares during the period. Financial Perspectives Inc raised its holdings in Fidelity Wise Origin Bitcoin Fund by 6.6% in the fourth quarter. Financial Perspectives Inc now owns 2,652 shares of the company’s stock valued at $216,000 after buying an additional 165 shares during the period. Avior Wealth Management LLC raised its stake in shares of Fidelity Wise Origin Bitcoin Fund by 0.5% during the fourth quarter. Avior Wealth Management LLC now owns 33,171 shares of the company’s stock valued at $2,706,000 after purchasing an additional 175 shares during the period. Finally, Capital Investment Advisors LLC grew its stake in shares of Fidelity Wise Origin Bitcoin Fund by 0.9% during the fourth quarter. Capital Investment Advisors LLC now owns 21,386 shares of the company’s stock valued at $1,745,000 after acquiring an additional 185 shares in the last quarter.

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.