Coinbase Holdings Trimmed by First Trust Advisors LP
First Trust Advisors LP has reduced its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 36.4% during the first quarter, according to a recent filing with the SEC. The institutional investor owned 140,161 shares of the cryptocurrency exchange's stock after selling 80,276 shares during the period.
The company now owns 0.05% of Coinbase Global worth $24,474,000 as of its most recent filing with the SEC. This reduction is part of a broader trend, where institutional investors have been buying and selling shares of COIN throughout the quarter.
A number of other hedge funds have also recently bought and sold shares of COIN. North Dakota State Investment Board purchased a new position in Coinbase Global during the 4th quarter worth about $1,626,000, while Mizuho Markets Cayman LP acquired a new stake in shares of Coinbase Global in the 4th quarter valued at about $33,921,000.
In related news, insider Paul Grewal sold 1,960 shares of Coinbase Global stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $176.88, for a total transaction of $346,684.80.