Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Trading Down 1.2% – Should You Sell?

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC)’s share price was down 1.2% during mid-day trading on Friday . The company traded as low as $83.48 and last traded at $83.64. Approximately 4,418,604 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 4,523,019 shares. The stock had previously closed at $84.69.

Fidelity Wise Origin Bitcoin Fund Price Performance

The business’s fifty day simple moving average is $86.58 and its 200-day simple moving average is $68.65.

Institutional Investors Weigh In On Fidelity Wise Origin Bitcoin Fund

A number of large investors have recently made changes to their positions in the business. Stephens Consulting LLC raised its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 61.5% during the fourth quarter. Stephens Consulting LLC now owns 323 shares of the company’s stock valued at $26,000 after acquiring an additional 123 shares in the last quarter. Financial Perspectives Inc raised its holdings in Fidelity Wise Origin Bitcoin Fund by 6.6% in the 4th quarter. Financial Perspectives Inc now owns 2,652 shares of the company’s stock worth $216,000 after purchasing an additional 165 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of Fidelity Wise Origin Bitcoin Fund by 0.5% in the 4th quarter. Avior Wealth Management LLC now owns 33,171 shares of the company’s stock worth $2,706,000 after purchasing an additional 175 shares during the period. Capital Investment Advisors LLC boosted its stake in shares of Fidelity Wise Origin Bitcoin Fund by 0.9% during the 4th quarter. Capital Investment Advisors LLC now owns 21,386 shares of the company’s stock valued at $1,745,000 after purchasing an additional 185 shares in the last quarter. Finally, Pallas Capital Advisors LLC increased its position in shares of Fidelity Wise Origin Bitcoin Fund by 4.1% during the third quarter. Pallas Capital Advisors LLC now owns 4,697 shares of the company’s stock valued at $281,000 after buying an additional 186 shares during the period.

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.