WisdomTree Bitcoin Fund (BATS:BTCW) Stock Falls 0.4% – Should You Sell?

WisdomTree Bitcoin Fund (BATS:BTCW – Get Free Report)’s stock price traded down 0.4% during trading on Friday. The company traded as low as $79.42 and last traded at $79.98. 9,658 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 28,000 shares. The stock had previously closed at $80.30.

WisdomTree Bitcoin Fund Stock Performance

The business has a 50 day moving average of $85.45 and a 200 day moving average of $77.22.

Institutional Trading of WisdomTree Bitcoin Fund

Large investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC bought a new position in shares of WisdomTree Bitcoin Fund during the 3rd quarter valued at approximately $230,000. Nautilus Advisors LLC grew its holdings in shares of WisdomTree Bitcoin Fund by 3.8% in the third quarter. Nautilus Advisors LLC now owns 3,607 shares of the company’s stock valued at $318,000 after purchasing an additional 133 shares in the last quarter. Whitaker Myers Wealth Managers LTD. grew its holdings in shares of WisdomTree Bitcoin Fund by 14.5% in the second quarter. Whitaker Myers Wealth Managers LTD. now owns 44,296 shares of the company’s stock valued at $2,746,000 after purchasing an additional 5,600 shares in the last quarter. Bank of New York Mellon Corp lifted its position in WisdomTree Bitcoin Fund by 105.9% during the first quarter. Bank of New York Mellon Corp now owns 179,758 shares of the company’s stock valued at $12,890,000 after purchasing an additional 92,443 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in WisdomTree Bitcoin Fund by 126.5% during the first quarter. Geneos Wealth Management Inc. now owns 367 shares of the company’s stock valued at $26,000 after purchasing an additional 205 shares during the last quarter.

About WisdomTree Bitcoin Fund

(Get Free Report)

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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