Meritage Portfolio Management Buys 18,234 Shares of ARK 21Shares Bitcoin ETF $ARKB

Meritage Portfolio Management boosted its stake in shares of ARK 21Shares Bitcoin ETF (BATS:ARKB) by 200.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,351 shares of the company’s stock after purchasing an additional 18,234 shares during the quarter. Meritage Portfolio Management’s holdings in ARK 21Shares Bitcoin ETF were worth $979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE purchased a new position in shares of ARK 21Shares Bitcoin ETF in the 4th quarter worth approximately $31,000. Harbor Investment Advisory LLC grew its position in shares of ARK 21Shares Bitcoin ETF by 208.0% in the 2nd quarter. Harbor Investment Advisory LLC now owns 1,155 shares of the company’s stock worth $41,000 after buying an additional 780 shares during the last quarter. Painted Porch Advisors LLC increased its position in shares of ARK 21Shares Bitcoin ETF by 200.0% during the second quarter. Painted Porch Advisors LLC now owns 1,425 shares of the company’s stock worth $51,000 after purchasing an additional 950 shares in the last quarter. Headlands Technologies LLC increased its position in shares of ARK 21Shares Bitcoin ETF by 93.0% during the first quarter. Headlands Technologies LLC now owns 1,554 shares of the company’s stock worth $128,000 after purchasing an additional 749 shares in the last quarter. Finally, CWM LLC increased its position in shares of ARK 21Shares Bitcoin ETF by 35.7% during the first quarter. CWM LLC now owns 2,128 shares of the company’s stock worth $175,000 after purchasing an additional 560 shares in the last quarter.

ARK 21Shares Bitcoin ETF Stock Down 59.8%

Shares of ARKB stock opened at $38.75 on Monday. The business’s fifty day simple moving average is $38.26 and its 200-day simple moving average is $35.45. ARK 21Shares Bitcoin ETF has a 12-month low of $16.51 and a 12-month high of $40.62.

ARK 21Shares Bitcoin ETF Company 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.