Bayshore Capital Advisors LLC Purchases Shares of 100,000 ARK 21Shares Bitcoin ETF $ARKB

Bayshore Capital Advisors LLC purchased a new stake in ARK 21Shares Bitcoin ETF (BATS:ARKB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $2,904,000. ARK 21Shares Bitcoin ETF accounts for about 1.5% of Bayshore Capital Advisors LLC’s investment portfolio, making the stock its 9th largest position.

A number of other hedge funds have also recently bought and sold shares of the stock. NewEdge Wealth LLC boosted its holdings in ARK 21Shares Bitcoin ETF by 5.0% in the 4th quarter. NewEdge Wealth LLC now owns 35,169 shares of the company’s stock valued at $1,021,000 after purchasing an additional 1,663 shares during the period. Encompass More Asset Management boosted its holdings in ARK 21Shares Bitcoin ETF by 96.0% in the 4th quarter. Encompass More Asset Management now owns 16,915 shares of the company’s stock valued at $491,000 after purchasing an additional 8,286 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in ARK 21Shares Bitcoin ETF by 172.7% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,573 shares of the company’s stock valued at $336,000 after purchasing an additional 7,329 shares during the period. Ares Financial Consulting LLC bought a new stake in ARK 21Shares Bitcoin ETF in the 4th quarter valued at $28,000. Finally, Comerica Bank raised its stake in shares of ARK 21Shares Bitcoin ETF by 137.3% in the 4th quarter. Comerica Bank now owns 1,006 shares of the company’s stock valued at $29,000 after buying an additional 582 shares in the last quarter.

ARK 21Shares Bitcoin ETF Stock Performance

Shares of ARKB stock opened at $26.38 on Thursday. ARK 21Shares Bitcoin ETF has a 52-week low of $20.66 and a 52-week high of $41.99. The firm has a fifty day moving average of $24.30 and a 200-day moving average of $27.40.

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. ARKB was launched on Jan 10, 2024 and is issued by ARK.