Franklin Bitcoin ETF (NYSEARCA:EZBC) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of Franklin Bitcoin ETF (NYSEARCA:EZBCGet Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $38.53 and traded as high as $56.50. Franklin Bitcoin ETF shares last traded at $56.08, with a volume of 211,205 shares.

Franklin Bitcoin ETF Trading Up 0.4 %

The firm has a fifty day simple moving average of $42.87 and a 200-day simple moving average of $38.65.

Institutional Investors Weigh In On Franklin Bitcoin ETF

A number of institutional investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in shares of Franklin Bitcoin ETF during the first quarter worth $5,559,000. CWM LLC acquired a new stake in Franklin Bitcoin ETF in the 2nd quarter worth about $147,000. Atlantic Edge Private Wealth Management LLC boosted its holdings in Franklin Bitcoin ETF by 787.9% in the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 14,650 shares of the company’s stock valued at $510,000 after purchasing an additional 13,000 shares during the period. Commonwealth Equity Services LLC grew its position in shares of Franklin Bitcoin ETF by 6.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 13,883 shares of the company’s stock worth $483,000 after purchasing an additional 822 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in Franklin Bitcoin ETF by 16.3% during the 2nd quarter. Larson Financial Group LLC now owns 3,809 shares of the company’s stock worth $133,000 after acquiring an additional 533 shares during the period.

About Franklin Bitcoin ETF

(Get Free Report)

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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