ARK Innovation ETF (NYSEARCA:ARKK) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 5.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 309,340 shares of the company’s stock after selling 17,238 shares during the quarter. Private Advisor Group LLC’s holdings in ARK Innovation ETF were worth $17,561,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ARKK. International Assets Investment Management LLC boosted its position in shares of ARK Innovation ETF by 5,773.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,589,348 shares of the company’s stock worth $755,420,000 after purchasing an additional 1,562,287 shares during the period. Global Assets Advisory LLC acquired a new position in ARK Innovation ETF during the third quarter worth $266,000. Global Trust Asset Management LLC boosted its position in shares of ARK Innovation ETF by 550.0% during the third quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock worth $31,000 after buying an additional 550 shares during the period. Mount Yale Investment Advisors LLC grew its stake in shares of ARK Innovation ETF by 9.4% in the third quarter. Mount Yale Investment Advisors LLC now owns 75,774 shares of the company’s stock valued at $3,602,000 after buying an additional 6,486 shares in the last quarter. Finally, Convergence Financial LLC raised its holdings in shares of ARK Innovation ETF by 5.9% in the 3rd quarter. Convergence Financial LLC now owns 13,035 shares of the company’s stock valued at $620,000 after buying an additional 732 shares during the period.

ARK Innovation ETF Price Performance

ARKK opened at $65.71 on Thursday. The stock’s 50-day moving average price is $60.92 and its 200 day moving average price is $52.89. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month high of $68.43.

About ARK Innovation ETF

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.