Mirae Asset Global Investments Co. Ltd. Boosts Stock Position in Arqit Quantum Inc. (NASDAQ:ARQQ)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Arqit Quantum Inc. (NASDAQ:ARQQ) by 150.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,636,216 shares of the company’s stock after buying an additional 2,185,402 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Arqit Quantum were worth $1,724,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ARQQ. BlackRock Inc. increased its holdings in Arqit Quantum by 25.5% in the first quarter. BlackRock Inc. now owns 85,902 shares of the company’s stock valued at $1,338,000 after buying an additional 17,477 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Arqit Quantum during the first quarter worth about $28,153,000. Invesco Ltd. grew its holdings in shares of Arqit Quantum by 86.5% during the first quarter. Invesco Ltd. now owns 85,633 shares of the company’s stock worth $1,334,000 after purchasing an additional 39,716 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Arqit Quantum by 20.3% during the first quarter. Goldman Sachs Group Inc. now owns 100,779 shares of the company’s stock worth $1,570,000 after purchasing an additional 17,025 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Arqit Quantum by 1,086,718.5% during the second quarter. JPMorgan Chase & Co. now owns 293,441 shares of the company’s stock worth $1,852,000 after purchasing an additional 293,414 shares during the last quarter. Hedge funds and other institutional investors own 16.60% of the company’s stock.

Arqit Quantum Stock Down 5.1 %

Shares of ARQQ stock opened at $0.47 on Friday. The stock’s 50-day moving average is $0.65 and its two-hundred day moving average is $0.55. Arqit Quantum Inc. has a 1 year low of $0.39 and a 1 year high of $1.65.

Arqit Quantum Profile

Arqit Quantum Inc provides cybersecurity services through satellite and terrestrial platforms in the United Kingdom. It offers QuantumCloud, a Platform as a Service that creates unbreakable software encryption keys. The company also provides maintenance and support, and professional services. Arqit Quantum Inc is based in London, the United Kingdom.