VanEck Bitcoin ETF (BATS:HODL – Get Free Report)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $16.70 and last traded at $16.84, with a volume of 1438578 shares trading hands. The stock had previously closed at $17.62.
VanEck Bitcoin ETF Stock Down 4.2%
The firm’s 50 day moving average price is $20.60 and its two-hundred day moving average price is $21.72.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in HODL. Wells Fargo & Company MN increased its position in shares of VanEck Bitcoin ETF by 100,000.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,001 shares of the company’s stock worth $25,000 after purchasing an additional 1,000 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in VanEck Bitcoin ETF by 185.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 913 shares of the company’s stock valued at $28,000 after buying an additional 593 shares during the period. Wilkerson Advisory Group LLC acquired a new position in VanEck Bitcoin ETF in the fourth quarter valued at about $34,000. Bogart Wealth LLC acquired a new position in VanEck Bitcoin ETF in the fourth quarter valued at about $42,000. Finally, Highline Wealth Partners LLC acquired a new position in VanEck Bitcoin ETF in the fourth quarter valued at about $62,000.
VanEck Bitcoin ETF Company Profile
The VanEck Bitcoin Trust (HODL) is an exchange-traded fund that is based on the MarketVector Bitcoin Benchmark Rate index. The fund provides passive exposure to the price of Bitcoin through the purchase of shares, allowing investors to track the performance of Bitcoin without directly owning and managing the digital currency. HODL was launched on Jan 4, 2024 and is issued by VanEck.
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