Commonwealth Equity Services LLC reduced its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,184,961 shares of the company’s stock after selling 73,316 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.64% of ARK Innovation ETF worth $62,056,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in ARKK. International Assets Investment Management LLC purchased a new position in ARK Innovation ETF in the fourth quarter valued at approximately $93,781,000. Cedar Brook Financial Partners LLC purchased a new position in shares of ARK Innovation ETF during the 4th quarter valued at $203,000. Blackston Financial Advisory Group LLC bought a new position in shares of ARK Innovation ETF during the 4th quarter worth $233,000. Global Retirement Partners LLC increased its holdings in ARK Innovation ETF by 19.0% in the 4th quarter. Global Retirement Partners LLC now owns 6,212 shares of the company’s stock worth $325,000 after acquiring an additional 991 shares during the last quarter. Finally, Integrated Advisors Network LLC bought a new stake in ARK Innovation ETF in the 3rd quarter valued at about $206,000.
ARK Innovation ETF Trading Up 1.2 %
Shares of NYSEARCA:ARKK opened at $45.47 on Friday. The company has a 50-day moving average price of $47.80 and a two-hundred day moving average price of $46.53. ARK Innovation ETF has a twelve month low of $33.76 and a twelve month high of $54.52.
ARK Innovation ETF Company Profile
The ARK Innovation ETF (ARKK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that seeks long-term capital growth from companies globally involved with, or that benefit from, disruptive innovation. ARKK was launched on Oct 31, 2014 and is managed by ARK.
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