Destiny Tech100 (NYSE:DXYZ) Stock Price Up 6.8% – Should You Buy?

Destiny Tech100 Inc. (NYSE:DXYZ)’s share price shot up 6.8% during trading on Friday . The stock traded as high as $70.70 and last traded at $65.8240. 8,848,877 shares changed hands during trading, an increase of 277% from the average session volume of 2,350,205 shares. The stock had previously closed at $61.66.

Destiny Tech100 Stock Performance

The firm’s fifty day moving average price is $34.01 and its 200 day moving average price is $30.32.

Hedge Funds Weigh In On Destiny Tech100

Institutional investors and hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. grew its holdings in shares of Destiny Tech100 by 51.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 980 shares of the company’s stock valued at $26,000 after acquiring an additional 332 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in Destiny Tech100 in the fourth quarter worth $28,000. CWM LLC bought a new stake in Destiny Tech100 in the fourth quarter worth $37,000. Royal Bank of Canada boosted its holdings in Destiny Tech100 by 131.4% in the first quarter. Royal Bank of Canada now owns 1,439 shares of the company’s stock worth $38,000 after purchasing an additional 817 shares in the last quarter. Finally, Clearstead Trust LLC bought a new stake in Destiny Tech100 in the fourth quarter worth $42,000.