Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO – Get Free Report)’s stock price rose 1.1% during trading on Monday . The company traded as high as $70.85 and last traded at $70.49. Approximately 123,077 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 212,122 shares. The stock had previously closed at $69.72.
Invesco Galaxy Bitcoin ETF Stock Performance
The company’s 50-day moving average price is $87.41 and its 200-day moving average price is $101.81.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in BTCO. Envestnet Asset Management Inc. raised its position in shares of Invesco Galaxy Bitcoin ETF by 38.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 22,751 shares of the company’s stock worth $2,446,000 after acquiring an additional 6,364 shares in the last quarter. Milestone Asset Management Group LLC boosted its holdings in Invesco Galaxy Bitcoin ETF by 34.0% in the second quarter. Milestone Asset Management Group LLC now owns 6,313 shares of the company’s stock valued at $679,000 after purchasing an additional 1,601 shares in the last quarter. Tsfg LLC purchased a new position in Invesco Galaxy Bitcoin ETF in the second quarter valued at approximately $34,000. North Capital Inc. acquired a new stake in Invesco Galaxy Bitcoin ETF during the second quarter worth approximately $108,000. Finally, AE Wealth Management LLC raised its holdings in Invesco Galaxy Bitcoin ETF by 23.3% during the second quarter. AE Wealth Management LLC now owns 4,384 shares of the company’s stock worth $471,000 after purchasing an additional 829 shares in the last quarter.
About Invesco Galaxy Bitcoin ETF
The Invesco Galaxy Bitcoin ETF (BTCO) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. BTCO was launched on Jan 11, 2024 and is issued by Invesco.
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