Fidelity Wise Origin Bitcoin Fund (BATS:FBTC – Get Free Report) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $52.24 and last traded at $52.3650, with a volume of 3755359 shares trading hands. The stock had previously closed at $55.27.
Fidelity Wise Origin Bitcoin Fund Stock Down 6.5%
The firm has a 50 day simple moving average of $64.70 and a 200-day simple moving average of $68.98.
Institutional Investors Weigh In On Fidelity Wise Origin Bitcoin Fund
Several institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its holdings in Fidelity Wise Origin Bitcoin Fund by 45.1% in the first quarter. Parallel Advisors LLC now owns 18,578 shares of the company’s stock worth $1,097,000 after acquiring an additional 5,773 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Fidelity Wise Origin Bitcoin Fund by 27.7% in the first quarter. NewEdge Advisors LLC now owns 78,941 shares of the company’s stock worth $4,660,000 after acquiring an additional 17,141 shares in the last quarter. Maripau Wealth Management LLC boosted its holdings in Fidelity Wise Origin Bitcoin Fund by 229.1% in the first quarter. Maripau Wealth Management LLC now owns 9,432 shares of the company’s stock worth $557,000 after acquiring an additional 6,566 shares in the last quarter. Arete Wealth Advisors LLC boosted its holdings in Fidelity Wise Origin Bitcoin Fund by 12.8% in the first quarter. Arete Wealth Advisors LLC now owns 24,193 shares of the company’s stock worth $1,428,000 after acquiring an additional 2,746 shares in the last quarter. Finally, Cim LLC boosted its holdings in Fidelity Wise Origin Bitcoin Fund by 34.9% in the first quarter. Cim LLC now owns 15,142 shares of the company’s stock worth $894,000 after acquiring an additional 3,920 shares in 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.
See Also
- Five stocks we like better than Fidelity Wise Origin Bitcoin Fund
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
- NVIDIA’s New Power Play: Why Fluence Is Surging
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.
