Arlington Capital Management Inc. Buys New Shares in Valkyrie Bitcoin Miners ETF $WGMI

Arlington Capital Management Inc. purchased a new stake in Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) in the first quarter, HoldingsChannel reports. The fund purchased 71,547 shares of the company’s stock, valued at approximately $2,491,000. Valkyrie Bitcoin Miners ETF accounts for 1.4% of Arlington Capital Management Inc.’s portfolio, making the stock its 22nd largest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of WGMI. Two Sigma Investments LP acquired a new position in shares of Valkyrie Bitcoin Miners ETF during the third quarter valued at about $6,194,000. Private Advisor Group LLC increased its stake in Valkyrie Bitcoin Miners ETF by 70.7% during the third quarter. Private Advisor Group LLC now owns 119,600 shares of the company’s stock valued at $5,291,000 after acquiring an additional 49,528 shares during the period. Quadrature Capital Ltd bought a new position in Valkyrie Bitcoin Miners ETF during the fourth quarter valued at about $4,573,000. Maridea Wealth Management LLC raised its holdings in Valkyrie Bitcoin Miners ETF by 7.8% in the 1st quarter. Maridea Wealth Management LLC now owns 100,716 shares of the company’s stock valued at $3,507,000 after acquiring an additional 7,328 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of Valkyrie Bitcoin Miners ETF by 311.6% in the 4th quarter. LPL Financial LLC now owns 73,462 shares of the company’s stock worth $2,811,000 after acquiring an additional 55,612 shares during the period. 24.15% of the stock is currently owned by institutional investors and hedge funds.

Valkyrie Bitcoin Miners ETF Price Performance

Shares of NASDAQ:WGMI traded down $1.69 during trading on Friday, hitting $55.50. 266,398 shares of the stock were exchanged, compared to its average volume of 644,198. The company’s fifty day simple moving average is $62.39 and its 200-day simple moving average is $49.41. Valkyrie Bitcoin Miners ETF has a 1-year low of $23.01 and a 1-year high of $76.94.

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.