Franklin Resources Inc. Has $2.02 Million Stock Holdings in Franklin Bitcoin ETF (NYSEARCA:EZBC)

Franklin Resources Inc. reduced its stake in shares of Franklin Bitcoin ETF (NYSEARCA:EZBC) by 85.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,759 shares of the company’s stock after selling 307,241 shares during the quarter. Franklin Resources Inc.’s holdings in Franklin Bitcoin ETF were worth $2,018,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its position in Franklin Bitcoin ETF by 6.3% during the second quarter. Commonwealth Equity Services LLC now owns 13,883 shares of the company’s stock worth $483,000 after purchasing an additional 822 shares during the period. Larson Financial Group LLC raised its position in shares of Franklin Bitcoin ETF by 16.3% in the 2nd quarter. Larson Financial Group LLC now owns 3,809 shares of the company’s stock valued at $133,000 after buying an additional 533 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Franklin Bitcoin ETF in the 2nd quarter valued at approximately $1,435,000. Sanctuary Advisors LLC bought a new stake in shares of Franklin Bitcoin ETF during the 2nd quarter worth approximately $619,000. Finally, CWM LLC boosted its position in shares of Franklin Bitcoin ETF by 64.8% during the 3rd quarter. CWM LLC now owns 6,974 shares of the company’s stock worth $257,000 after acquiring an additional 2,741 shares in the last quarter.

Franklin Bitcoin ETF Stock Performance

Shares of EZBC opened at $55.35 on Friday. The firm has a 50 day simple moving average of $50.73 and a two-hundred day simple moving average of $41.03. Franklin Bitcoin ETF has a one year low of $22.41 and a one year high of $62.83.

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.