Meritage Portfolio Management Reduces Position in ARK 21Shares Bitcoin ETF (BATS:ARKB)

Meritage Portfolio Management reduced its holdings in ARK 21Shares Bitcoin ETF (BATS:ARKB) by 61.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,910 shares of the company’s stock after selling 11,124 shares during the period. Meritage Portfolio Management’s holdings in ARK 21Shares Bitcoin ETF were worth $644,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Jane Street Group LLC grew its position in shares of ARK 21Shares Bitcoin ETF by 51.3% in the third quarter. Jane Street Group LLC now owns 4,470,297 shares of the company’s stock valued at $283,730,000 after purchasing an additional 1,516,529 shares in the last quarter. Bank of Montreal Can boosted its stake in ARK 21Shares Bitcoin ETF by 228.5% during the third quarter. Bank of Montreal Can now owns 95,460 shares of the company’s stock worth $6,268,000 after buying an additional 66,397 shares during the last quarter. HBK Investments L P grew its holdings in ARK 21Shares Bitcoin ETF by 19.8% in the 3rd quarter. HBK Investments L P now owns 396,608 shares of the company’s stock valued at $25,173,000 after buying an additional 65,417 shares in the last quarter. Benjamin Edwards Inc. increased its stake in shares of ARK 21Shares Bitcoin ETF by 13,068.9% in the 3rd quarter. Benjamin Edwards Inc. now owns 64,396 shares of the company’s stock worth $4,087,000 after acquiring an additional 63,907 shares during the last quarter. Finally, Impact Partnership Wealth LLC purchased a new position in shares of ARK 21Shares Bitcoin ETF during the 4th quarter worth $4,483,000.

ARK 21Shares Bitcoin ETF Stock Up 0.7 %

Shares of ARKB opened at $96.98 on Thursday. The firm has a 50-day moving average price of $99.09 and a 200-day moving average price of $78.24.

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.