New World Advisors LLC reduced its position in ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 3.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 32,897 shares of the company’s stock after selling 1,291 shares during the period. ARK Innovation ETF makes up approximately 0.5% of New World Advisors LLC’s holdings, making the stock its 7th largest holding. New World Advisors LLC’s holdings in ARK Innovation ETF were worth $1,868,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Apollon Wealth Management LLC grew its position in shares of ARK Innovation ETF by 52.8% in the fourth quarter. Apollon Wealth Management LLC now owns 6,705 shares of the company’s stock valued at $381,000 after purchasing an additional 2,316 shares in the last quarter. Caprock Group LLC purchased a new position in ARK Innovation ETF during the fourth quarter worth about $293,000. SFG Wealth Management LLC. bought a new stake in ARK Innovation ETF during the fourth quarter worth about $224,000. Empowered Funds LLC bought a new stake in ARK Innovation ETF during the fourth quarter worth about $1,149,000. Finally, Barclays PLC lifted its stake in ARK Innovation ETF by 100.6% during the third quarter. Barclays PLC now owns 65,166 shares of the company’s stock worth $3,098,000 after purchasing an additional 32,679 shares during the last quarter.
ARK Innovation ETF Stock Down 5.9 %
Shares of ARKK stock opened at $60.20 on Monday. The business has a 50-day moving average price of $61.04 and a two-hundred day moving average price of $53.29. 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.
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