Destiny Tech100 (NYSE:DXYZ) Trading Up 4.2% – Should You Buy?

Destiny Tech100 Inc. (NYSE:DXYZ)’s stock price was up 4.2% during mid-day trading on Friday . The stock traded as high as $48.99 and last traded at $47.4140. Approximately 5,142,786 shares changed hands during mid-day trading, an increase of 145% from the average daily volume of 2,096,567 shares. The stock had previously closed at $45.52.

Destiny Tech100 Price Performance

The company has a 50-day moving average price of $31.50 and a 200-day moving average price of $29.40.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its holdings in Destiny Tech100 by 403.9% during the first quarter. Cetera Investment Advisers now owns 167,973 shares of the company’s stock worth $4,498,000 after acquiring an additional 134,638 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Destiny Tech100 by 36.7% during the first quarter. PNC Financial Services Group Inc. now owns 6,962 shares of the company’s stock worth $186,000 after acquiring an additional 1,870 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Destiny Tech100 by 51.2% during the first quarter. Geneos Wealth Management Inc. now owns 980 shares of the company’s stock worth $26,000 after acquiring an additional 332 shares in the last quarter. Sovran Advisors LLC bought a new position in Destiny Tech100 during the first quarter worth about $491,000. Finally, Kestra Advisory Services LLC lifted its holdings in Destiny Tech100 by 157.8% during the first quarter. Kestra Advisory Services LLC now owns 140,185 shares of the company’s stock worth $3,754,000 after acquiring an additional 85,803 shares in the last quarter.