Shares of VanEck Bitcoin ETF (BATS:HODL – Get Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $16.98 and last traded at $17.04, with a volume of 1330520 shares. The stock had previously closed at $17.97.
VanEck Bitcoin ETF Stock Performance
The stock’s 50-day moving average price is $21.02 and its 200-day moving average price is $22.39.
Institutional Investors Weigh In On VanEck Bitcoin ETF
Several large investors have recently made changes to their positions in the stock. Evercore Wealth Management LLC bought a new stake in shares of VanEck Bitcoin ETF during the first quarter worth $211,000. Wilkerson Advisory Group LLC increased its position in shares of VanEck Bitcoin ETF by 112.5% during the first quarter. Wilkerson Advisory Group LLC now owns 2,951 shares of the company’s stock worth $57,000 after acquiring an additional 1,562 shares in the last quarter. Assetmark Inc. increased its position in shares of VanEck Bitcoin ETF by 3.6% during the first quarter. Assetmark Inc. now owns 626,385 shares of the company’s stock worth $12,002,000 after acquiring an additional 22,036 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of VanEck Bitcoin ETF during the first quarter worth $468,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in shares of VanEck Bitcoin ETF by 44.3% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 19,603 shares of the company’s stock worth $376,000 after acquiring an additional 6,018 shares in the last quarter.
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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