Franklin Bitcoin ETF (NYSEARCA:EZBC) Trading 1.1% Higher – Still a Buy?

Franklin Bitcoin ETF (NYSEARCA:EZBCGet Free Report) traded up 1.1% on Monday . The stock traded as high as $41.14 and last traded at $40.93. 298,726 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 441,422 shares. The stock had previously closed at $40.49.

Franklin Bitcoin ETF Price Performance

The stock has a 50 day moving average price of $50.75 and a 200-day moving average price of $59.10.

Institutional Investors Weigh In On Franklin Bitcoin ETF

Hedge funds have recently modified their holdings of the business. Semmax Financial Advisors Inc. boosted its position in Franklin Bitcoin ETF by 42.2% during the second quarter. Semmax Financial Advisors Inc. now owns 519 shares of the company’s stock worth $35,000 after acquiring an additional 154 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in Franklin Bitcoin ETF by 20.8% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,075 shares of the company’s stock worth $71,000 after purchasing an additional 185 shares in the last quarter. WCG Wealth Advisors LLC boosted its holdings in shares of Franklin Bitcoin ETF by 2.1% during the 3rd quarter. WCG Wealth Advisors LLC now owns 12,340 shares of the company’s stock worth $817,000 after purchasing an additional 250 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Franklin Bitcoin ETF by 36.6% in the first quarter. Geneos Wealth Management Inc. now owns 1,206 shares of the company’s stock valued at $58,000 after purchasing an additional 323 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of Franklin Bitcoin ETF in the third quarter valued at approximately $27,000.

About Franklin Bitcoin ETF

(Get Free Report)

The Franklin Bitcoin ETF (EZBC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund seeks to replicate the performance of Bitcoin using a Benchmark Rate to determine its value. The fund does not directly invest in Bitcoin EZBC was launched on Jan 11, 2024 and is issued by Franklin Templeton.

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