Avantax Advisory Services Inc. Makes New $602,000 Investment in Franklin Bitcoin ETF (NYSEARCA:EZBC)

Avantax Advisory Services Inc. bought a new position in shares of Franklin Bitcoin ETF (NYSEARCA:EZBC) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,598 shares of the company’s stock, valued at approximately $602,000. Avantax Advisory Services Inc. owned approximately 0.14% of Franklin Bitcoin ETF as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cetera Investment Advisers boosted its position in Franklin Bitcoin ETF by 1,987.3% during the fourth quarter. Cetera Investment Advisers now owns 126,615 shares of the company’s stock worth $6,856,000 after acquiring an additional 120,549 shares during the last quarter. LPL Financial LLC lifted its stake in Franklin Bitcoin ETF by 399.7% in the 4th quarter. LPL Financial LLC now owns 119,153 shares of the company’s stock worth $6,452,000 after purchasing an additional 95,309 shares in the last quarter. Convergence Financial LLC acquired a new position in shares of Franklin Bitcoin ETF during the 1st quarter worth approximately $898,000. Mercer Global Advisors Inc. ADV grew its position in shares of Franklin Bitcoin ETF by 7.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 131,323 shares of the company’s stock valued at $7,111,000 after purchasing an additional 9,045 shares in the last quarter. Finally, Eagle Global Advisors LLC purchased a new stake in shares of Franklin Bitcoin ETF in the fourth quarter valued at approximately $374,000.

Franklin Bitcoin ETF Stock Up 1.5%

NYSEARCA:EZBC opened at $66.46 on Tuesday. Franklin Bitcoin ETF has a one year low of $28.72 and a one year high of $70.75. The stock has a 50 day moving average price of $63.96 and a 200 day moving average price of $57.31.

Franklin Bitcoin ETF Company 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.