Goldman Sachs Group Inc. Has $789,000 Stock Holdings in Mercurity Fintech Holding Inc. Sponsored ADR $MFH

Goldman Sachs Group Inc. lifted its position in shares of Mercurity Fintech Holding Inc. Sponsored ADR (NASDAQ:MFH) by 120.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,118 shares of the company’s stock after purchasing an additional 80,452 shares during the quarter. Goldman Sachs Group Inc. owned 0.23% of Mercurity Fintech worth $789,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in MFH. Millennium Management LLC acquired a new stake in Mercurity Fintech during the 4th quarter worth $706,000. Y Intercept Hong Kong Ltd increased its holdings in shares of Mercurity Fintech by 146.4% in the first quarter. Y Intercept Hong Kong Ltd now owns 30,051 shares of the company’s stock worth $161,000 after acquiring an additional 17,856 shares in the last quarter. Invesco Ltd. acquired a new stake in shares of Mercurity Fintech during the first quarter worth about $271,000. Harvest Portfolios Group Inc. bought a new position in shares of Mercurity Fintech during the 1st quarter valued at about $66,000. Finally, OMERS ADMINISTRATION Corp grew its position in shares of Mercurity Fintech by 122.0% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 44,175 shares of the company’s stock valued at $237,000 after purchasing an additional 24,275 shares during the period. Institutional investors own 30.82% of the company’s stock.

Mercurity Fintech Price Performance

NASDAQ MFH opened at $13.32 on Wednesday. The business has a 50 day simple moving average of $5.58 and a 200 day simple moving average of $5.22. Mercurity Fintech Holding Inc. Sponsored ADR has a 52-week low of $1.03 and a 52-week high of $14.14.

Mercurity Fintech announced that its Board of Directors has approved a share repurchase program on Tuesday, July 22nd that authorizes the company to buyback $10.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 7.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Mercurity Fintech Profile

Mercurity Fintech Holding Inc operates as a fintech company powered by blockchain. The company provides digital asset trading infrastructure solutions based on internet and blockchain technologies for cryptocurrency traders; and asset digitalization platform, which offers blockchain-based digitalization solutions for traditional assets, such as fiat currencies, bonds, and precious metals.