ARK Investment Management LLC Decreases Stake in ARK 21Shares Bitcoin ETF $ARKB

ARK Investment Management LLC reduced its position in shares of ARK 21Shares Bitcoin ETF (BATS:ARKB) by 4.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 6,322,716 shares of the company’s stock after selling 299,292 shares during the quarter. ARK 21Shares Bitcoin ETF comprises approximately 1.4% of ARK Investment Management LLC’s holdings, making the stock its 18th largest holding. ARK Investment Management LLC owned 4.49% of ARK 21Shares Bitcoin ETF worth $240,390,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ARKB. Bank of America Corp DE bought a new stake in ARK 21Shares Bitcoin ETF in the fourth quarter worth about $31,000. Global Trust Asset Management LLC lifted its stake in ARK 21Shares Bitcoin ETF by 66.7% in the third quarter. Global Trust Asset Management LLC now owns 1,000 shares of the company’s stock worth $38,000 after acquiring an additional 400 shares during the period. Allworth Financial LP increased its holdings in ARK 21Shares Bitcoin ETF by 96.3% during the second quarter. Allworth Financial LP now owns 942 shares of the company’s stock valued at $34,000 after buying an additional 462 shares during the period. NewEdge Wealth LLC increased its holdings in shares of ARK 21Shares Bitcoin ETF by 2.2% in the 3rd quarter. NewEdge Wealth LLC now owns 33,506 shares of the company’s stock valued at $1,274,000 after acquiring an additional 725 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in ARK 21Shares Bitcoin ETF by 1.9% in the third quarter. Geneos Wealth Management Inc. now owns 40,908 shares of the company’s stock worth $1,555,000 after purchasing an additional 750 shares in the last quarter.

ARK 21Shares Bitcoin ETF Price Performance

ARK 21Shares Bitcoin ETF stock opened at $24.26 on Thursday. The business has a fifty day moving average price of $26.67 and a 200-day moving average price of $32.00. ARK 21Shares Bitcoin ETF has a 1-year low of $20.66 and a 1-year high of $41.99.

About ARK 21Shares Bitcoin ETF

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.