Prestige Wealth (NASDAQ:PWM) Shares Up 3.6% – Here’s What Happened

Shares of Prestige Wealth Inc. (NASDAQ:PWM) shot up 3.6% on Friday . The stock traded as high as $0.74 and last traded at $0.70. 164,286 shares were traded during trading, a decline of 82% from the average session volume of 891,024 shares. The stock had previously closed at $0.68.

Prestige Wealth Trading Up 3.6 %

The firm has a 50-day moving average of $1.31 and a two-hundred day moving average of $1.07.

Institutional Trading of Prestige Wealth

An institutional investor recently bought a new position in Prestige Wealth stock. Bank of America Corp DE acquired a new position in shares of Prestige Wealth Inc. (NASDAQ:PWM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,179 shares of the company’s stock, valued at approximately $31,000. Bank of America Corp DE owned about 0.27% of Prestige Wealth as of its most recent SEC filing. Hedge funds and other institutional investors own 7.68% of the company’s stock.

Prestige Wealth Company Profile

Prestige Wealth Inc, through its subsidiaries, provides wealth management and asset management services. It assists its clients in identifying and purchasing wealth and asset management products. The company offers its services primarily for high net worth and ultra-high net worth individuals, including business owners, executives, heirs of rich families, and other affluent individuals in Asia primarily in the mainland China or Hong Kong.