Hanover Advisors Inc. Has $599,000 Stock Position in ARK Innovation ETF (NYSEARCA:ARKK)

Hanover Advisors Inc. reduced its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 10,547 shares of the company’s stock after selling 323 shares during the period. Hanover Advisors Inc.’s holdings in ARK Innovation ETF were worth $599,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Kestra Investment Management LLC acquired a new stake in shares of ARK Innovation ETF during the 4th quarter worth $68,000. Brown Brothers Harriman & Co. acquired a new stake in shares of ARK Innovation ETF during the 3rd quarter worth $76,000. Hobbs Group Advisors LLC acquired a new stake in shares of ARK Innovation ETF during the 3rd quarter worth $86,000. Bank of Jackson Hole Trust acquired a new stake in shares of ARK Innovation ETF during the 4th quarter worth $114,000. Finally, Global Trust Asset Management LLC grew its holdings in shares of ARK Innovation ETF by 221.5% during the 4th quarter. Global Trust Asset Management LLC now owns 2,090 shares of the company’s stock worth $119,000 after purchasing an additional 1,440 shares in the last quarter.

ARK Innovation ETF Stock Up 1.9 %

NYSEARCA:ARKK opened at $55.64 on Friday. The stock’s 50-day simple moving average is $60.64 and its 200 day simple moving average is $53.74. The firm has a market capitalization of $5.79 billion, a PE ratio of 46.93 and a beta of 1.76. ARK Innovation ETF has a twelve month low of $36.85 and a twelve month high of $68.43.

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.