Sherman Asset Management Inc. Takes $255,000 Position in First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT)

Sherman Asset Management Inc. bought a new stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) during the fourth quarter, HoldingsChannel.com reports. The fund bought 15,254 shares of the company’s stock, valued at approximately $255,000.

Other hedge funds have also made changes to their positions in the company. Brown Financial Advisors purchased a new position in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF in the 4th quarter valued at $184,000. Ashton Thomas Private Wealth LLC raised 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 acquiring an additional 3,721 shares during the period. Jane Street Group LLC raised its stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 203.5% in the 3rd quarter. Jane Street Group LLC now owns 62,012 shares of the company’s stock valued at $775,000 after acquiring an additional 41,581 shares during the period. Money Concepts Capital Corp raised its stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 4.7% in the 4th quarter. Money Concepts Capital Corp now owns 47,821 shares of the company’s stock valued at $799,000 after acquiring an additional 2,161 shares during the period. Finally, Compass Capital Corp MA ADV purchased a new position in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF in the 4th quarter valued at $1,235,000.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Trading Up 4.1 %

Shares of CRPT stock opened at $14.32 on Friday. First Trust SkyBridge Crypto Industry and Digital Economy ETF has a 52 week low of $8.50 and a 52 week high of $23.08. The company has a market cap of $83.77 million, a PE ratio of 9.84 and a beta of 3.34. The company’s fifty day simple moving average is $17.89 and its 200-day simple moving average is $16.09.

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.