Wedbush Securities Inc. Raises Stake in Franklin Bitcoin ETF (NYSEARCA:EZBC)

Wedbush Securities Inc. lifted its stake in shares of Franklin Bitcoin ETF (NYSEARCA:EZBC) by 5.0% during the 4th quarter, Holdings Channel reports. The fund owned 35,725 shares of the company’s stock after buying an additional 1,705 shares during the quarter. Wedbush Securities Inc.’s holdings in Franklin Bitcoin ETF were worth $1,935,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC raised its position in Franklin Bitcoin ETF by 399.7% in the fourth quarter. LPL Financial LLC now owns 119,153 shares of the company’s stock valued at $6,452,000 after purchasing an additional 95,309 shares during the period. Retirement Guys Formula LLC acquired a new position in Franklin Bitcoin ETF in the fourth quarter valued at about $1,420,000. Wealthspire Advisors LLC purchased a new position in Franklin Bitcoin ETF during the fourth quarter worth about $1,151,000. StoneX Group Inc. acquired a new stake in shares of Franklin Bitcoin ETF during the fourth quarter valued at about $1,106,000. Finally, Foster Victor Wealth Advisors LLC purchased a new stake in shares of Franklin Bitcoin ETF in the 4th quarter valued at approximately $670,000.

Franklin Bitcoin ETF Stock Up 2.6 %

NYSEARCA:EZBC opened at $48.65 on Friday. Franklin Bitcoin ETF has a fifty-two week low of $28.72 and a fifty-two week high of $62.83. The company has a 50 day moving average price of $52.45 and a 200 day moving average price of $50.24.

Franklin Bitcoin ETF Profile

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.