Franklin Bitcoin ETF $EZBC Shares Sold by Rede Wealth LLC

Rede Wealth LLC lowered its stake in shares of Franklin Bitcoin ETF (NYSEARCA:EZBC) by 10.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,437 shares of the company’s stock after selling 2,165 shares during the quarter. Franklin Bitcoin ETF comprises approximately 0.4% of Rede Wealth LLC’s investment portfolio, making the stock its 23rd largest holding. Rede Wealth LLC’s holdings in Franklin Bitcoin ETF were worth $1,213,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Dogwood Wealth Management LLC acquired a new position in shares of Franklin Bitcoin ETF during the second quarter valued at about $44,000. Wayfinding Financial LLC acquired a new position in shares of Franklin Bitcoin ETF during the first quarter valued at about $36,000. PNC Financial Services Group Inc. increased its holdings in shares of Franklin Bitcoin ETF by 401.3% during the first quarter. PNC Financial Services Group Inc. now owns 1,183 shares of the company’s stock valued at $56,000 after acquiring an additional 947 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Franklin Bitcoin ETF by 36.6% during the first 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 in the last quarter. Finally, Costello Asset Management INC acquired a new position in shares of Franklin Bitcoin ETF during the first quarter valued at about $99,000.

Franklin Bitcoin ETF Stock Performance

EZBC opened at $63.50 on Friday. Franklin Bitcoin ETF has a 52-week low of $38.93 and a 52-week high of $73.16. The firm’s 50-day moving average price is $65.67 and its 200-day moving average price is $63.40.

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.