Prestige Wealth (NASDAQ:PWM) Trading Up 1.3% – What’s Next?

Prestige Wealth Inc. (NASDAQ:PWM)’s stock price was up 1.3% on Monday . The company traded as high as $0.55 and last traded at $0.53. Approximately 27,908 shares were traded during trading, a decline of 97% from the average daily volume of 1,057,166 shares. The stock had previously closed at $0.52.

Prestige Wealth Trading Up 1.3%

The stock’s 50-day simple moving average is $0.42 and its two-hundred day simple moving average is $0.44.

Institutional Investors Weigh In On Prestige Wealth

An institutional investor recently bought a new position in Prestige Wealth stock. Bank of America Corp DE bought a new stake in Prestige Wealth Inc. (NASDAQ:PWM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 24,179 shares of the company’s stock, valued at approximately $31,000. Bank of America Corp DE owned about 0.27% of Prestige Wealth as of its most recent SEC filing. 7.68% of the stock is currently owned by hedge funds and other institutional investors.

Prestige Wealth Company Profile

Prestige Wealth Inc, through its subsidiaries, provides wealth management and asset management services. It assists its clients in identifying and purchasing wealth and asset management products. The company offers its services primarily for high net worth and ultra-high net worth individuals, including business owners, executives, heirs of rich families, and other affluent individuals in Asia primarily in the mainland China or Hong Kong.