Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) Reaches New 12-Month High – Should You Buy?

Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $104.00 and last traded at $104.00, with a volume of 1194 shares traded. The stock had previously closed at $101.56.

Invesco Galaxy Bitcoin ETF Stock Up 4.0 %

The stock has a 50 day moving average price of $82.52 and a 200-day moving average price of $69.28.

Institutional Trading of Invesco Galaxy Bitcoin ETF

Several institutional investors have recently made changes to their positions in BTCO. Susquehanna International Group LLP increased its holdings in shares of Invesco Galaxy Bitcoin ETF by 63.2% in the second quarter. Susquehanna International Group LLP now owns 271,253 shares of the company’s stock worth $16,207,000 after purchasing an additional 105,053 shares during the last quarter. Sea Otter Advisors LLC bought a new position in shares of Invesco Galaxy Bitcoin ETF during the 2nd quarter valued at approximately $729,000. Fermata Advisors LLC purchased a new stake in Invesco Galaxy Bitcoin ETF during the third quarter valued at $238,000. Fortis Group Advisors LLC purchased a new stake in shares of Invesco Galaxy Bitcoin ETF during the 3rd quarter valued at about $549,000. Finally, Brookstone Capital Management raised its position in Invesco Galaxy Bitcoin ETF by 84.3% during the second quarter. Brookstone Capital Management now owns 8,603 shares of the company’s stock valued at $556,000 after purchasing an additional 3,935 shares during the period.

Invesco Galaxy Bitcoin ETF Company Profile

The Invesco Galaxy Bitcoin ETF (BTCO) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. BTCO was launched on Jan 11, 2024 and is issued by Invesco.