Maridea Wealth Management LLC Purchases 24,774 Shares of Valkyrie Bitcoin Miners ETF $WGMI

Maridea Wealth Management LLC lifted its position in Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) by 36.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 93,388 shares of the company’s stock after buying an additional 24,774 shares during the quarter. Maridea Wealth Management LLC’s holdings in Valkyrie Bitcoin Miners ETF were worth $3,574,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in Valkyrie Bitcoin Miners ETF by 1,303.8% during the third quarter. JPMorgan Chase & Co. now owns 5,573 shares of the company’s stock valued at $247,000 after acquiring an additional 5,176 shares during the last quarter. Strategic Advocates LLC acquired a new stake in Valkyrie Bitcoin Miners ETF in the third quarter valued at approximately $80,000. Arlington Capital Management Inc. purchased a new position in Valkyrie Bitcoin Miners ETF in the third quarter worth $3,432,000. Two Sigma Investments LP acquired a new position in shares of Valkyrie Bitcoin Miners ETF during the third quarter worth $6,194,000. Finally, Private Advisor Group LLC increased its position in shares of Valkyrie Bitcoin Miners ETF by 70.7% during the third quarter. Private Advisor Group LLC now owns 119,600 shares of the company’s stock worth $5,291,000 after purchasing an additional 49,528 shares in the last quarter. Institutional investors own 24.15% of the company’s stock.

Valkyrie Bitcoin Miners ETF Trading Down 3.6%

Shares of WGMI opened at $37.68 on Friday. Valkyrie Bitcoin Miners ETF has a 12 month low of $11.09 and a 12 month high of $67.89. The stock has a fifty day moving average price of $42.69 and a 200-day moving average price of $44.94.

Valkyrie Bitcoin Miners ETF Company Profile

The Valkyrie Bitcoin Miners ETF (WGMI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund provides active exposure to companies that derive at least 50% of their revenue from bitcoin mining operations and/or services related to bitcoin mining. WGMI was launched on Feb 7, 2022 and is managed by Valkyrie.