Franklin Bitcoin ETF $EZBC Position Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its position in shares of Franklin Bitcoin ETF (NYSEARCA:EZBC) by 26.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,678 shares of the company’s stock after purchasing an additional 1,398 shares during the quarter. Envestnet Asset Management Inc. owned about 0.34% of Franklin Bitcoin ETF worth $417,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Dogwood Wealth Management LLC acquired a new stake in shares of Franklin Bitcoin ETF in the second quarter valued at $44,000. PNC Financial Services Group Inc. raised its position in Franklin Bitcoin ETF by 401.3% in the first quarter. PNC Financial Services Group Inc. now owns 1,183 shares of the company’s stock worth $56,000 after acquiring an additional 947 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Franklin Bitcoin ETF by 36.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,206 shares of the company’s stock valued at $58,000 after acquiring an additional 323 shares during the last quarter. Costello Asset Management INC bought a new position in shares of Franklin Bitcoin ETF during the 1st quarter valued at about $99,000. Finally, Valmark Advisers Inc. acquired a new position in shares of Franklin Bitcoin ETF in the 2nd quarter worth approximately $223,000.

Franklin Bitcoin ETF Trading Up 2.9%

NYSEARCA EZBC opened at $52.02 on Thursday. Franklin Bitcoin ETF has a 12 month low of $43.86 and a 12 month high of $73.16. The company’s 50 day simple moving average is $62.26 and its 200 day simple moving average is $63.69.

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.