ARK Investment Management LLC Has $289.16 Million Holdings in ARK 21Shares Bitcoin ETF (BATS:ARKB)

ARK Investment Management LLC lessened its stake in ARK 21Shares Bitcoin ETF (BATS:ARKB) by 1.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,100,232 shares of the company’s stock after selling 42,898 shares during the quarter. ARK 21Shares Bitcoin ETF accounts for 2.4% of ARK Investment Management LLC’s holdings, making the stock its 11th biggest position. ARK Investment Management LLC’s holdings in ARK 21Shares Bitcoin ETF were worth $289,159,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sanctuary Wealth Management L.L.C. boosted its holdings in shares of ARK 21Shares Bitcoin ETF by 43,300.0% in the third quarter. Sanctuary Wealth Management L.L.C. now owns 434 shares of the company’s stock valued at $28,000 after buying an additional 433 shares during the period. CENTRAL TRUST Co lifted its position in shares of ARK 21Shares Bitcoin ETF by 46.9% in the fourth quarter. CENTRAL TRUST Co now owns 939 shares of the company’s stock worth $88,000 after purchasing an additional 300 shares in the last quarter. Hollencrest Capital Management bought a new stake in shares of ARK 21Shares Bitcoin ETF in the third quarter worth $102,000. Geneos Wealth Management Inc. bought a new stake in shares of ARK 21Shares Bitcoin ETF in the fourth quarter worth $222,000. Finally, Foundations Investment Advisors LLC bought a new stake in shares of ARK 21Shares Bitcoin ETF in the fourth quarter worth $226,000.

ARK 21Shares Bitcoin ETF Stock Performance

Shares of ARKB stock opened at $87.93 on Wednesday. The stock has a 50 day simple moving average of $98.34 and a two-hundred day simple moving average of $81.51.

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.