Valeo Financial Advisors LLC Takes $682,000 Position in Valkyrie Bitcoin Miners ETF $WGMI

Valeo Financial Advisors LLC purchased a new position in shares of Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 30,000 shares of the company’s stock, valued at approximately $682,000.

Several other institutional investors have also bought and sold shares of the company. Cresset Asset Management LLC increased its position in Valkyrie Bitcoin Miners ETF by 22.9% in the first quarter. Cresset Asset Management LLC now owns 12,886 shares of the company’s stock worth $165,000 after buying an additional 2,400 shares during the last quarter. Alamea Verwaltungs GmbH purchased a new position in shares of Valkyrie Bitcoin Miners ETF during the 1st quarter valued at $319,000. Maridea Wealth Management LLC grew its stake in shares of Valkyrie Bitcoin Miners ETF by 4.4% during the 2nd quarter. Maridea Wealth Management LLC now owns 86,361 shares of the company’s stock worth $1,964,000 after acquiring an additional 3,622 shares during the period. Matauro LLC grew its stake in shares of Valkyrie Bitcoin Miners ETF by 11.3% during the 2nd quarter. Matauro LLC now owns 38,861 shares of the company’s stock worth $884,000 after acquiring an additional 3,956 shares during the period. Finally, Axxcess Wealth Management LLC increased its holdings in Valkyrie Bitcoin Miners ETF by 14.3% in the 2nd quarter. Axxcess Wealth Management LLC now owns 40,000 shares of the company’s stock worth $910,000 after acquiring an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 24.15% of the company’s stock.

Valkyrie Bitcoin Miners ETF Stock Performance

Shares of Valkyrie Bitcoin Miners ETF stock opened at $36.51 on Thursday. Valkyrie Bitcoin Miners ETF has a 52-week low of $11.09 and a 52-week high of $67.89. The stock’s 50-day simple moving average is $50.42 and its 200 day simple moving average is $36.47.

About Valkyrie Bitcoin Miners ETF

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.