Foundations Investment Advisors LLC reduced its stake in FinWise Bancorp (NASDAQ:FINW – Free Report) by 53.5% during the 3rd quarter, Holdings Channel reports. The fund owned 10,052 shares of the company’s stock after selling 11,548 shares during the quarter. Foundations Investment Advisors LLC’s holdings in FinWise Bancorp were worth $157,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quadrature Capital Ltd purchased a new stake in FinWise Bancorp during the 1st quarter worth about $164,000. Empowered Funds LLC grew its position in shares of FinWise Bancorp by 8.0% during the first quarter. Empowered Funds LLC now owns 18,936 shares of the company’s stock worth $190,000 after buying an additional 1,400 shares in the last quarter. Norden Group LLC grew its position in shares of FinWise Bancorp by 100.0% during the first quarter. Norden Group LLC now owns 28,400 shares of the company’s stock worth $285,000 after buying an additional 14,200 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in FinWise Bancorp by 25.8% in the second quarter. Dimensional Fund Advisors LP now owns 93,853 shares of the company’s stock worth $958,000 after acquiring an additional 19,235 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in FinWise Bancorp by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 376,802 shares of the company’s stock worth $3,787,000 after acquiring an additional 24,457 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.
FinWise Bancorp Trading Up 0.1 %
Shares of NASDAQ:FINW opened at $16.06 on Monday. FinWise Bancorp has a 52 week low of $8.31 and a 52 week high of $16.62. The company’s 50 day moving average is $14.55 and its two-hundred day moving average is $12.11. The company has a market cap of $205.47 million, a PE ratio of 12.45 and a beta of 0.71.
FinWise Bancorp Company Profile
FinWise Bancorp operates as the bank holding company for FinWise Bank that provides various banking products and services to individual and corporate customers in Utah. The company offers various deposit products, including interest and noninterest bearing demand accounts, health savings account demand deposits, NOW and money market accounts, and checking and savings accounts, as well as time deposits and certificates of deposits.
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