Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) Stock Price Up 3.1% – What’s Next?

Shares of Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) rose 3.1% during trading on Friday . The stock traded as high as $26.57 and last traded at $25.37. Approximately 457,933 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 575,958 shares. The stock had previously closed at $24.60.

Valkyrie Bitcoin Miners ETF Price Performance

The company’s 50-day simple moving average is $26.07 and its 200 day simple moving average is $22.20.

Valkyrie Bitcoin Miners ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th were issued a dividend of $0.0493 per share. The ex-dividend date of this dividend was Tuesday, December 24th.

Institutional Trading of Valkyrie Bitcoin Miners ETF

Several large investors have recently modified their holdings of WGMI. Centaurus Financial Inc. bought a new stake in shares of Valkyrie Bitcoin Miners ETF during the 3rd quarter worth $336,000. Nwam LLC bought a new stake in shares of Valkyrie Bitcoin Miners ETF during the 3rd quarter worth $346,000. Finally, Creative Planning boosted its holdings in shares of Valkyrie Bitcoin Miners ETF by 1,008.8% during the 3rd quarter. Creative Planning now owns 150,746 shares of the company’s stock worth $2,866,000 after buying an additional 137,151 shares during the period. 24.15% of the stock is owned by institutional investors.

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.