HBW Advisory Services LLC Cuts Stock Position in ARK 21Shares Bitcoin ETF (BATS:ARKB)

HBW Advisory Services LLC trimmed its position in shares of ARK 21Shares Bitcoin ETF (BATS:ARKB) by 11.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,630 shares of the company’s stock after selling 959 shares during the quarter. HBW Advisory Services LLC’s holdings in ARK 21Shares Bitcoin ETF were worth $484,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. SignalPoint Asset Management LLC acquired a new position in shares of ARK 21Shares Bitcoin ETF in the first quarter worth $221,000. IMC Chicago LLC acquired a new position in ARK 21Shares Bitcoin ETF during the 1st quarter worth $1,110,000. Cambridge Investment Research Advisors Inc. purchased a new stake in ARK 21Shares Bitcoin ETF during the 1st quarter worth about $1,904,000. YHB Investment Advisors Inc. acquired a new stake in ARK 21Shares Bitcoin ETF in the 1st quarter valued at about $30,000. Finally, Meritage Portfolio Management purchased a new position in shares of ARK 21Shares Bitcoin ETF in the 1st quarter valued at about $277,000.

ARK 21Shares Bitcoin ETF Stock Performance

Shares of ARKB stock traded up $1.41 during trading hours on Friday, reaching $62.38. 804,566 shares of the stock were exchanged. The stock has a 50-day moving average price of $60.35 and a two-hundred day moving average price of $63.44.

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.