Farther Finance Advisors LLC Trims Stock Position in ARK Innovation ETF (NYSEARCA:ARKK)

Farther Finance Advisors LLC trimmed its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 6.2% in the 4th quarter, HoldingsChannel reports. The firm owned 13,541 shares of the company’s stock after selling 893 shares during the quarter. Farther Finance Advisors LLC’s holdings in ARK Innovation ETF were worth $769,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ARKK. Kestra Investment Management LLC purchased a new stake in ARK Innovation ETF in the fourth quarter worth about $68,000. Brown Brothers Harriman & Co. bought a new position in shares of ARK Innovation ETF in the 3rd quarter worth approximately $76,000. Hobbs Group Advisors LLC purchased a new position in shares of ARK Innovation ETF in the 3rd quarter valued at approximately $86,000. Mainstream Capital Management LLC purchased a new position in shares of ARK Innovation ETF in the 4th quarter valued at approximately $99,000. Finally, Bank of Jackson Hole Trust purchased a new stake in ARK Innovation ETF in the fourth quarter worth $114,000.

ARK Innovation ETF Trading Up 4.1 %

ARKK opened at $49.19 on Friday. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month high of $68.43. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 41.12 and a beta of 1.89. The stock has a fifty day simple moving average of $59.00 and a two-hundred day simple moving average of $54.25.

ARK Innovation ETF 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.