Private Advisor Group LLC Invests $415,000 in Destiny Tech100 Inc. (NYSE:DXYZ)

Key Points

• Private Advisor Group LLC acquired a new stake in Destiny Tech100 Inc. by purchasing 11,720 shares valued at approximately $415,000, representing about 0.11% of the company.
• CEO **Sohail Prasad** sold 380,000 shares for approximately $12.97 million, resulting in a 35.12% decrease in his ownership of the stock, leaving him with about 702,065 shares valued at $23.97 million.
• Destiny Tech100's stock opened at **$30.36** with a **52-week low** of $9.00 and a **high** of $77.35, indicating significant volatility in its trading performance.

Private Advisor Group LLC acquired a new stake in shares of Destiny Tech100 Inc. (NYSE:DXYZ - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund acquired 11,720 shares of the company's stock, valued at approximately $415,000. Private Advisor Group LLC owned 0.11% of Destiny Tech100 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DXYZ. Jane Street Group LLC bought a new position in shares of Destiny Tech100 during the 4th quarter valued at about $1,960,000. Cetera Investment Advisers purchased a new stake in Destiny Tech100 during the 4th quarter valued at about $1,186,000. LPL Financial LLC purchased a new stake in Destiny Tech100 during the 4th quarter valued at about $808,000. Stifel Financial Corp purchased a new stake in Destiny Tech100 during the 4th quarter valued at about $679,000. Finally, Invesco Ltd. purchased a new stake in Destiny Tech100 during the 4th quarter valued at about $632,000.

Insider Activity

In other news, CEO Sohail Prasad sold 380,000 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $34.14, for a total value of $12,973,200.00. Following the completion of the transaction, the chief executive officer owned 702,065 shares of the company's stock, valued at approximately $23,968,499.10. This represents a 35.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 10.29% of the company's stock.

Destiny Tech100 Trading Up 6.3%

DXYZ stock traded up $1.79 during trading on Monday, hitting $30.26. 248,441 shares of the company traded hands, compared to its average volume of 644,506. The company has a 50-day moving average of $37.72 and a 200-day moving average of $40.03. Destiny Tech100 Inc. has a 1 year low of $9.00 and a 1 year high of $77.35.