Steward Partners Investment Advisory LLC Acquires New Position in Valkyrie Bitcoin Miners ETF $WGMI

Steward Partners Investment Advisory LLC bought a new position in shares of Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) during the 2nd quarter, Holdings Channel reports. The firm bought 16,253 shares of the company’s stock, valued at approximately $370,000.

A number of other hedge funds also recently added to or reduced their stakes in WGMI. Maridea Wealth Management LLC boosted 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 in the last quarter. Axxcess Wealth Management LLC increased its stake 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 valued at $910,000 after purchasing an additional 5,000 shares in the last quarter. Matauro LLC raised its holdings in Valkyrie Bitcoin Miners ETF by 11.3% during the second quarter. Matauro LLC now owns 38,861 shares of the company’s stock worth $884,000 after purchasing an additional 3,956 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of Valkyrie Bitcoin Miners ETF in the second quarter valued at $682,000. Finally, Nwam LLC increased its position in shares of Valkyrie Bitcoin Miners ETF by 28.9% in the second quarter. Nwam LLC now owns 26,145 shares of the company’s stock valued at $595,000 after buying an additional 5,859 shares in the last quarter. 24.15% of the stock is owned by hedge funds and other institutional investors.

Valkyrie Bitcoin Miners ETF Trading Up 4.0%

Valkyrie Bitcoin Miners ETF stock opened at $47.29 on Friday. Valkyrie Bitcoin Miners ETF has a 52 week low of $11.09 and a 52 week high of $67.89. The firm’s 50-day simple moving average is $51.27 and its 200 day simple moving average is $34.75.

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.