Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) Stock Price Up 1.1% – Time to Buy?

Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) shares traded up 1.1% on Monday . The stock traded as high as $70.85 and last traded at $70.49. 123,077 shares were traded during trading, a decline of 42% from the average session volume of 212,122 shares. The stock had previously closed at $69.72.

Invesco Galaxy Bitcoin ETF Price Performance

The stock’s fifty day simple moving average is $87.41 and its 200-day simple moving average is $101.81.

Hedge Funds Weigh In On Invesco Galaxy Bitcoin ETF

Several hedge funds and other institutional investors have recently bought and sold shares of BTCO. Global Retirement Partners LLC acquired a new stake in Invesco Galaxy Bitcoin ETF in the third quarter valued at $29,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Invesco Galaxy Bitcoin ETF by 152.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 358 shares of the company’s stock worth $31,000 after buying an additional 216 shares during the last quarter. Tsfg LLC purchased a new stake in shares of Invesco Galaxy Bitcoin ETF in the 2nd quarter worth about $34,000. Raymond James Financial Inc. acquired a new stake in Invesco Galaxy Bitcoin ETF in the 2nd quarter valued at about $55,000. Finally, Kelleher Financial Advisors acquired a new stake in Invesco Galaxy Bitcoin ETF in the 3rd quarter valued at about $59,000.

About Invesco Galaxy Bitcoin ETF

The Invesco Galaxy Bitcoin ETF (BTCO) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. BTCO was launched on Jan 11, 2024 and is issued by Invesco.