Valkyrie Bitcoin Strategy ETF to Issue Quarterly Dividend of $0.06 (NASDAQ:BTF)

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) announced a quarterly dividend on Wednesday, March 18th, NASDAQ Dividends reports. Investors of record on Thursday, March 19th will be given a dividend of 0.06 per share on Friday, March 20th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, March 19th.

Valkyrie Bitcoin Strategy ETF Stock Performance

Shares of NASDAQ:BTF traded down $0.40 during trading on Thursday, reaching $19.71. The stock had a trading volume of 30,449 shares, compared to its average volume of 17,682. Valkyrie Bitcoin Strategy ETF has a 1-year low of $17.34 and a 1-year high of $97.10. The business has a fifty day moving average price of $21.91 and a 200-day moving average price of $53.17.

Institutional Trading of Valkyrie Bitcoin Strategy ETF

A number of hedge funds and other institutional investors have recently modified their holdings of BTF. Simplex Trading LLC boosted its position in shares of Valkyrie Bitcoin Strategy ETF by 345.3% during the 2nd quarter. Simplex Trading LLC now owns 2,262 shares of the company’s stock worth $29,000 after purchasing an additional 1,754 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of Valkyrie Bitcoin Strategy ETF in the second quarter worth $147,000. Jane Street Group LLC purchased a new stake in shares of Valkyrie Bitcoin Strategy ETF during the first quarter worth $207,000. CreativeOne Wealth LLC purchased a new stake in shares of Valkyrie Bitcoin Strategy ETF during the second quarter worth $327,000. Finally, Sloy Dahl & Holst LLC boosted its holdings in Valkyrie Bitcoin Strategy ETF by 2.5% in the fourth quarter. Sloy Dahl & Holst LLC now owns 305,035 shares of the company’s stock valued at $1,592,000 after purchasing an additional 7,536 shares during the period. 24.94% of the stock is owned by institutional investors and hedge funds.

About Valkyrie Bitcoin Strategy ETF

The Valkyrie Bitcoin Strategy ETF (BTF) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund portfolio includes CME Bitcoin Futures, treasuries, corporate bonds, and cash, and does not have direct exposure to bitcoin. BTF was launched on Oct 21, 2021 and is managed by Valkyrie.