Fidelity Ethereum Fund (BATS:FETH – Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $15.25 and last traded at $15.61, with a volume of 877505 shares trading hands. The stock had previously closed at $15.77.
Fidelity Ethereum Fund Price Performance
The firm has a 50-day simple moving average of $20.50 and a two-hundred day simple moving average of $23.45.
Hedge Funds Weigh In On Fidelity Ethereum Fund
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FETH. BankPlus Trust Department lifted its stake in Fidelity Ethereum Fund by 21.2% in the fourth quarter. BankPlus Trust Department now owns 2,421 shares of the company’s stock valued at $72,000 after acquiring an additional 423 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Fidelity Ethereum Fund by 30.0% during the 4th quarter. Farther Finance Advisors LLC now owns 2,106 shares of the company’s stock worth $62,000 after purchasing an additional 486 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Fidelity Ethereum Fund by 11.5% during the 4th quarter. Kestra Advisory Services LLC now owns 6,172 shares of the company’s stock valued at $183,000 after purchasing an additional 637 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Fidelity Ethereum Fund by 71.4% during the 4th quarter. Bank of America Corp DE now owns 1,800 shares of the company’s stock valued at $60,000 after purchasing an additional 750 shares in the last quarter. Finally, Traynor Capital Management Inc. lifted its stake in shares of Fidelity Ethereum Fund by 10.6% in the 4th quarter. Traynor Capital Management Inc. now owns 9,587 shares of the company’s stock valued at $284,000 after purchasing an additional 918 shares during the last quarter.
Fidelity Ethereum Fund Company Profile
The Fidelity Ethereum Fund ETF (FETH) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of ether (ETH) using an ether price feed, less trust expenses and liabilities. An investment in the fund is not a direct investment in ether. FETH was launched on Jul 22, 2024 and is issued by Fidelity.
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