ARK Investment Management LLC Has $199.49 Million Holdings in ARK 21Shares Bitcoin ETF (BATS:ARKB)

ARK Investment Management LLC lowered its stake in shares of ARK 21Shares Bitcoin ETF (BATS:ARKB) by 8.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 3,143,130 shares of the company’s stock after selling 272,235 shares during the quarter. ARK 21Shares Bitcoin ETF comprises approximately 1.8% of ARK Investment Management LLC’s investment portfolio, making the stock its 18th largest position. ARK Investment Management LLC’s holdings in ARK 21Shares Bitcoin ETF were worth $199,494,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ARKB. EverSource Wealth Advisors LLC bought a new position in shares of ARK 21Shares Bitcoin ETF during the first quarter worth $28,000. Comerica Bank bought a new position in shares of ARK 21Shares Bitcoin ETF during the 1st quarter valued at about $33,000. CWM LLC acquired a new position in shares of ARK 21Shares Bitcoin ETF in the 2nd quarter valued at approximately $59,000. Indiana Trust & Investment Management CO increased its stake in ARK 21Shares Bitcoin ETF by 512.1% during the 2nd quarter. Indiana Trust & Investment Management CO now owns 1,010 shares of the company’s stock worth $61,000 after purchasing an additional 845 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in ARK 21Shares Bitcoin ETF by 60,550.0% during the 2nd quarter. Larson Financial Group LLC now owns 1,213 shares of the company’s stock worth $73,000 after buying an additional 1,211 shares during the period.

ARK 21Shares Bitcoin ETF Trading Up 0.5 %

Shares of BATS:ARKB opened at $76.45 on Friday. The stock’s 50 day moving average is $63.82 and its two-hundred day moving average is $63.53.

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.