First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) Stock Passes Above 50 Day Moving Average – Here’s Why

First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $16.24 and traded as high as $21.88. First Trust SkyBridge Crypto Industry and Digital Economy ETF shares last traded at $21.78, with a volume of 66,329 shares traded.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Trading Up 5.3 %

The company’s 50-day simple moving average is $16.41 and its 200-day simple moving average is $14.05. The stock has a market capitalization of $99.31 million, a price-to-earnings ratio of 36.25 and a beta of 2.36.

Institutional Investors Weigh In On First Trust SkyBridge Crypto Industry and Digital Economy ETF

Institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC lifted its stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 2.1% in the second quarter. Commonwealth Equity Services LLC now owns 78,698 shares of the company’s stock worth $1,055,000 after acquiring an additional 1,643 shares during the period. Paladin Wealth LLC acquired a new position in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF in the 3rd quarter worth approximately $45,000. Ashton Thomas Private Wealth LLC boosted its stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 29.8% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 16,197 shares of the company’s stock valued at $202,000 after purchasing an additional 3,721 shares during the last quarter. Client First Investment Management LLC raised its stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 4.6% during the second quarter. Client First Investment Management LLC now owns 105,770 shares of the company’s stock worth $1,417,000 after buying an additional 4,666 shares during the last quarter. Finally, Harbour Investments Inc. lifted its holdings in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 131.6% in the second quarter. Harbour Investments Inc. now owns 15,968 shares of the company’s stock valued at $214,000 after buying an additional 9,073 shares during the period.

About First Trust SkyBridge Crypto Industry and Digital Economy ETF

The First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in companies supporting the crypto industry and the digital economy around the world. CRPT was launched on Sep 20, 2021 and is managed by First Trust.