Geode Capital Management LLC Buys Shares of 7,216 Arqit Quantum Inc. (NASDAQ:ARQQ)

Geode Capital Management LLC acquired a new position in shares of Arqit Quantum Inc. (NASDAQ:ARQQ) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,216 shares of the company’s stock, valued at approximately $280,000. Geode Capital Management LLC owned about 0.06% of Arqit Quantum as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ARQQ. Wolverine Asset Management LLC acquired a new position in Arqit Quantum during the fourth quarter worth about $166,000. BIT Capital GmbH acquired a new position in Arqit Quantum during the 4th quarter worth approximately $207,000. Virtu Financial LLC bought a new position in Arqit Quantum in the 4th quarter valued at approximately $231,000. CIBC Private Wealth Group LLC acquired a new stake in Arqit Quantum in the fourth quarter valued at approximately $388,000. Finally, Veracity Capital LLC bought a new stake in shares of Arqit Quantum during the fourth quarter worth $420,000. 16.60% of the stock is currently owned by institutional investors.

Arqit Quantum Trading Up 1.2 %

Shares of ARQQ opened at $16.90 on Friday. Arqit Quantum Inc. has a 52 week low of $3.72 and a 52 week high of $52.79. The stock has a fifty day moving average of $14.76 and a 200-day moving average of $18.09.

Arqit Quantum Company 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.