Maridea Wealth Management LLC Has $3.04 Million Stock Position in Valkyrie Bitcoin Miners ETF $WGMI

Maridea Wealth Management LLC reduced its stake in shares of Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) by 20.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 68,614 shares of the company’s stock after selling 17,747 shares during the period. Maridea Wealth Management LLC owned 0.91% of Valkyrie Bitcoin Miners ETF worth $3,035,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealthcare Advisory Partners LLC acquired a new position in shares of Valkyrie Bitcoin Miners ETF in the 3rd quarter valued at about $611,000. JPMorgan Chase & Co. grew its position in Valkyrie Bitcoin Miners ETF by 1,303.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,573 shares of the company’s stock valued at $247,000 after purchasing an additional 5,176 shares during the period. Nwam LLC increased its stake in Valkyrie Bitcoin Miners ETF by 9.7% during the 3rd quarter. Nwam LLC now owns 28,685 shares of the company’s stock valued at $1,269,000 after purchasing an additional 2,540 shares in the last quarter. Blue Trust Inc. increased its stake in Valkyrie Bitcoin Miners ETF by 157.7% during the 3rd quarter. Blue Trust Inc. now owns 3,878 shares of the company’s stock valued at $172,000 after purchasing an additional 2,373 shares in the last quarter. Finally, Client First Investment Management LLC acquired a new position in Valkyrie Bitcoin Miners ETF during the third quarter worth $897,000. Institutional investors and hedge funds own 24.15% of the company’s stock.

Valkyrie Bitcoin Miners ETF Trading Down 3.2%

Shares of NASDAQ WGMI opened at $40.00 on Wednesday. The company has a 50-day moving average price of $43.59 and a 200-day moving average price of $43.11. Valkyrie Bitcoin Miners ETF has a 1 year low of $11.09 and a 1 year high of $67.89.

Valkyrie Bitcoin Miners ETF 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.