Private Advisor Group LLC Buys 30,309 Shares of Valkyrie Bitcoin Miners ETF $WGMI

Private Advisor Group LLC lifted its position in Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) by 62.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,204 shares of the company’s stock after buying an additional 30,309 shares during the quarter. Private Advisor Group LLC owned about 1.35% of Valkyrie Bitcoin Miners ETF worth $2,758,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in WGMI. Osbon Capital Management LLC bought a new stake in Valkyrie Bitcoin Miners ETF during the fourth quarter worth $27,000. Strategic Advocates LLC bought a new position in shares of Valkyrie Bitcoin Miners ETF in the 3rd quarter valued at about $80,000. JPMorgan Chase & Co. increased its stake in shares of Valkyrie Bitcoin Miners ETF by 1,303.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,573 shares of the company’s stock worth $247,000 after purchasing an additional 5,176 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Valkyrie Bitcoin Miners ETF by 51.9% during the 4th quarter. HighTower Advisors LLC now owns 7,761 shares of the company’s stock worth $297,000 after purchasing an additional 2,652 shares during the last quarter. Finally, Mission Wealth Management LP bought a new stake in shares of Valkyrie Bitcoin Miners ETF in the 4th quarter valued at about $346,000. 24.15% of the stock is currently owned by institutional investors and hedge funds.

Valkyrie Bitcoin Miners ETF Trading Up 3.7%

Shares of NASDAQ:WGMI opened at $57.19 on Friday. Valkyrie Bitcoin Miners ETF has a 52-week low of $23.01 and a 52-week high of $76.94. The company has a 50-day simple moving average of $62.19 and a 200 day simple moving average of $49.37.

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.