Destiny Tech100 Inc. $DXYZ Position Increased by Sowell Financial Services LLC

Sowell Financial Services LLC lifted its position in Destiny Tech100 Inc. (NYSE:DXYZ) by 99.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 57,075 shares of the company’s stock after buying an additional 28,410 shares during the period. Sowell Financial Services LLC’s holdings in Destiny Tech100 were worth $1,761,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. TD Waterhouse Canada Inc. raised its stake in shares of Destiny Tech100 by 3,200.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 825 shares of the company’s stock worth $26,000 after acquiring an additional 800 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Destiny Tech100 by 51.2% during the first quarter. Geneos Wealth Management Inc. now owns 980 shares of the company’s stock valued at $26,000 after acquiring an additional 332 shares during the last quarter. Royal Bank of Canada lifted its position in Destiny Tech100 by 131.4% during the first quarter. Royal Bank of Canada now owns 1,439 shares of the company’s stock valued at $38,000 after acquiring an additional 817 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Destiny Tech100 by 120.0% in the first quarter. NewEdge Advisors LLC now owns 1,582 shares of the company’s stock valued at $42,000 after acquiring an additional 863 shares in the last quarter. Finally, Compass Financial Management LLC acquired a new stake in Destiny Tech100 in the second quarter valued at approximately $59,000.

Insider Activity

In other Destiny Tech100 news, CEO Sohail Prasad acquired 33,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was purchased at an average price of $31.40 per share, for a total transaction of $1,036,200.00. Following the acquisition, the chief executive officer owned 41,000 shares in the company, valued at approximately $1,287,400. This trade represents a 412.50% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 56,753 shares of company stock worth $1,792,336 over the last 90 days. Corporate insiders own 9.90% of the company’s stock.

Destiny Tech100 Stock Down 7.3%

NYSE DXYZ opened at $26.88 on Friday. The firm’s fifty day simple moving average is $31.50 and its two-hundred day simple moving average is $32.94. Destiny Tech100 Inc. has a 12-month low of $19.71 and a 12-month high of $72.87.

Destiny Tech100 Inc is a non-diversified closed-end management investment company focused on providing investors with exposure to privately held technology companies. The company invests primarily in late-stage, venture-backed businesses that operate in areas such as artificial intelligence, space technology, fintech, cybersecurity, and other technology-driven industries.

Through its investment portfolio, Destiny Tech100 seeks to hold interests in a select group of private technology companies rather than operating technology businesses or selling products and services directly to consumers.