Raymond James & Associates lowered its holdings in TeraWulf Inc. (NASDAQ:WULF – Free Report) by 84.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,732 shares of the company’s stock after selling 136,194 shares during the period. Raymond James & Associates’ holdings in TeraWulf were worth $62,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Dynamic Advisor Solutions LLC acquired a new position in shares of TeraWulf during the 4th quarter worth about $48,000. Exchange Traded Concepts LLC grew its stake in TeraWulf by 37.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,672,844 shares of the company’s stock valued at $4,015,000 after purchasing an additional 459,997 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in TeraWulf by 356.2% in the third quarter. Axxcess Wealth Management LLC now owns 1,000,000 shares of the company’s stock valued at $1,260,000 after purchasing an additional 780,786 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of TeraWulf during the 3rd quarter worth approximately $144,000. Finally, Luminus Management LLC raised its stake in shares of TeraWulf by 97.4% during the 3rd quarter. Luminus Management LLC now owns 1,099,393 shares of the company’s stock worth $1,385,000 after purchasing an additional 542,496 shares in the last quarter. 62.49% of the stock is currently owned by institutional investors and hedge funds.
TeraWulf Stock Up 2.4 %
Shares of TeraWulf stock opened at $2.17 on Friday. TeraWulf Inc. has a 1 year low of $0.89 and a 1 year high of $4.04. The business has a fifty day simple moving average of $2.18 and a two-hundred day simple moving average of $1.82.
Analysts Set New Price Targets
View Our Latest Stock Analysis on TeraWulf
About TeraWulf
TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. The company develops, owns, and operates bitcoin mining facilities in New York and Pennsylvania. It is also involved in the provision of miner hosting services to third-party entities. The company was founded in 2021 and is headquartered in Easton, Maryland.
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