WisdomTree Bitcoin Fund (NYSEARCA:BTCW – Get Free Report)’s stock price fell 0.5% during mid-day trading on Thursday . The company traded as low as $101.55 and last traded at $102.91. 167,437 shares traded hands during trading, an increase of 45% from the average session volume of 115,493 shares. The stock had previously closed at $103.47.
WisdomTree Bitcoin Fund Stock Down 0.5 %
The company’s fifty day moving average is $105.19 and its 200-day moving average is $83.24.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in WisdomTree Bitcoin Fund by 71.1% in the 4th quarter. Bank of New York Mellon Corp now owns 115,108 shares of the company’s stock worth $11,355,000 after buying an additional 47,821 shares in the last quarter. Virtu Financial LLC boosted its stake in shares of WisdomTree Bitcoin Fund by 145.0% in the third quarter. Virtu Financial LLC now owns 40,159 shares of the company’s stock worth $2,701,000 after acquiring an additional 23,768 shares during the period. Private Advisor Group LLC purchased a new stake in shares of WisdomTree Bitcoin Fund during the fourth quarter worth about $489,000. Financial Life Planners bought a new stake in WisdomTree Bitcoin Fund during the 4th quarter valued at approximately $408,000. Finally, Essex LLC purchased a new position in WisdomTree Bitcoin Fund in the 4th quarter worth approximately $245,000.
WisdomTree Bitcoin Fund Company Profile
The WisdomTree Bitcoin Fund (BTCW) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund passively mirrors the performance of Bitcoin, leveraging a Benchmark Rate for valuation. The fund does not engage in direct investment or management of the digital currency BTCW was launched on Jan 11, 2024 and is issued by WisdomTree.
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