Envestnet Asset Management Inc. lowered its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 14.6% during the fourth quarter
Envestnet Asset Management Inc. reduced its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 14.6% during the fourth quarter, according to the company's latest Form 13F filing with the Securities and Exchange Commission. The firm sold 7,072 shares of the cryptocurrency exchange's stock, decreasing its stake to 41,495 shares at the end of the quarter. At an average price of $248.74, Envestnet Asset Management Inc.'s holdings in Coinbase Global were valued at $10,303,000 at the time of the filing.
A number of other institutional investors have also made changes to their positions in COIN. Norges Bank bought a new stake in shares of Coinbase Global in the 4th quarter valued at approximately $536,484,000.
Groupama Asset Managment bought a new stake in Coinbase Global in the 4th quarter valued at about $372,450,000.
Proficio Capital Partners LLC increased its position in shares of Coinbase Global by 30,664.4% during the fourth quarter. Proficio Capital Partners LLC now owns 418,396 shares of the cryptocurrency exchange’s stock worth $103,888,000 after buying an additional 417,036 shares during the period. An average price of $248.74 was paid by the institutional investor.
Wellington Management Group LLP grew its stake in shares of Coinbase Global by 1,159.9% in the fourth quarter. Wellington Management Group LLP now owns 328,684 shares of the cryptocurrency exchange’s stock worth $81,612,000 after purchasing an additional 302,595 shares in the last quarter. The opening price of shares of the cryptocurrency exchange on Friday is $175.03.
Finally, Franklin Resources Inc. increased its holdings in shares of Coinbase Global by 614.8% during the fourth quarter. Franklin Resources Inc. now owns 343,348 shares of the cryptocurrency exchange’s stock valued at $85,253,000 after purchasing an additional 295,313 shares during the period. An average price of $230.00 was paid by the institutional investor. 68.84% of the stock is owned by institutional investors and hedge funds.
Shares of Coinbase Global, Inc. (NASDAQ:COIN – Free Report) are up 14.7% year-to-date.
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