ARK Investment Management LLC Cuts Stock Holdings in ARK 21Shares Bitcoin ETF $ARKB

ARK Investment Management LLC reduced its position in ARK 21Shares Bitcoin ETF (BATS:ARKB) by 4.5% in the 3rd quarter, Holdings Channel reports. The firm owned 6,322,716 shares of the company’s stock after selling 299,292 shares during the quarter. ARK 21Shares Bitcoin ETF accounts for about 1.4% of ARK Investment Management LLC’s portfolio, making the stock its 18th largest position. ARK Investment Management LLC’s holdings in ARK 21Shares Bitcoin ETF were worth $240,390,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARKB. Bank of America Corp DE purchased a new position in shares of ARK 21Shares Bitcoin ETF during the 4th quarter worth approximately $31,000. NewEdge Advisors LLC increased its stake in ARK 21Shares Bitcoin ETF by 18.4% during the 1st quarter. NewEdge Advisors LLC now owns 15,672 shares of the company’s stock worth $1,288,000 after buying an additional 2,433 shares during the period. Envestnet Asset Management Inc. lifted its holdings in ARK 21Shares Bitcoin ETF by 157.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 157,818 shares of the company’s stock worth $5,648,000 after buying an additional 96,522 shares in the last quarter. Hantz Financial Services Inc. boosted its position in ARK 21Shares Bitcoin ETF by 223.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,884 shares of the company’s stock valued at $67,000 after buying an additional 1,302 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in shares of ARK 21Shares Bitcoin ETF by 77.1% in the second quarter. First Horizon Advisors Inc. now owns 4,255 shares of the company’s stock valued at $152,000 after acquiring an additional 1,853 shares in the last quarter.

ARK 21Shares Bitcoin ETF Price Performance

Shares of BATS:ARKB opened at $24.26 on Thursday. The company’s 50 day moving average is $26.67 and its two-hundred day moving average is $32.00. ARK 21Shares Bitcoin ETF has a 52 week low of $20.66 and a 52 week high of $41.99.

ARK 21Shares Bitcoin ETF Profile

The ARK 21Shares Bitcoin ETF Ben of Int (ARKB) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is passively managed, seeking to track the daily USD spot price of Bitcoin (BTC) through a buy-and-hold strategy focused on long-term BTC holdings. An investment in the fund is not a direct investment in Bitcoin. ARKB was launched on Jan 10, 2024 and is issued by ARK.