Prestige Wealth (NASDAQ:PWM) Stock Price Up 3.6% – Should You Buy?

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

Prestige Wealth Trading Up 3.6 %

The company has a fifty day moving average price of $1.31 and a 200 day moving average price of $1.07.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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 the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,179 shares of the company’s stock, valued at approximately $31,000. Bank of America Corp DE owned approximately 0.27% of Prestige Wealth at the end of the most recent quarter. Institutional investors and hedge funds 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.