Redwood Wealth Management Group LLC Has $2.31 Million Stock Position in Valkyrie Bitcoin Miners ETF $WGMI

Redwood Wealth Management Group LLC lowered its position in shares of Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) by 27.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,283 shares of the company’s stock after selling 19,757 shares during the quarter. Valkyrie Bitcoin Miners ETF accounts for about 1.0% of Redwood Wealth Management Group LLC’s holdings, making the stock its 27th largest position. Redwood Wealth Management Group LLC’s holdings in Valkyrie Bitcoin Miners ETF were worth $2,313,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. FNY Investment Advisers LLC purchased a new position in Valkyrie Bitcoin Miners ETF during the 2nd quarter worth approximately $71,000. Blue Trust Inc. boosted its position in shares of Valkyrie Bitcoin Miners ETF by 157.7% in the third quarter. Blue Trust Inc. now owns 3,878 shares of the company’s stock worth $172,000 after buying an additional 2,373 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in Valkyrie Bitcoin Miners ETF during the second quarter valued at $370,000. Centaurus Financial Inc. raised its position in Valkyrie Bitcoin Miners ETF by 7.0% during the second quarter. Centaurus Financial Inc. now owns 18,382 shares of the company’s stock valued at $418,000 after buying an additional 1,200 shares during the period. Finally, Nwam LLC lifted its stake in Valkyrie Bitcoin Miners ETF by 28.9% in the 2nd quarter. Nwam LLC now owns 26,145 shares of the company’s stock worth $595,000 after acquiring an additional 5,859 shares in the last quarter. Hedge funds and other institutional investors own 24.15% of the company’s stock.

Valkyrie Bitcoin Miners ETF Stock Up 1.2%

NASDAQ:WGMI opened at $45.02 on Friday. The stock’s 50-day moving average is $44.62 and its two-hundred day moving average is $39.15. Valkyrie Bitcoin Miners ETF has a fifty-two week low of $11.09 and a fifty-two week high of $67.89.

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.