Clearwater Capital Advisors LLC Decreases Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Clearwater Capital Advisors LLC trimmed its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 72,946 shares of the company’s stock after selling 3,751 shares during the quarter. Clearwater Capital Advisors LLC’s holdings in ARK Innovation ETF were worth $4,141,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ARKK. Signaturefd LLC raised its position in shares of ARK Innovation ETF by 170.9% in the fourth quarter. Signaturefd LLC now owns 6,579 shares of the company’s stock valued at $374,000 after buying an additional 4,150 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of ARK Innovation ETF by 43.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 19,017 shares of the company’s stock valued at $1,080,000 after buying an additional 5,800 shares during the last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in shares of ARK Innovation ETF in the fourth quarter valued at about $2,302,000. Madison Investment Advisors LLC acquired a new stake in shares of ARK Innovation ETF in the fourth quarter valued at about $345,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of ARK Innovation ETF by 683.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 8,145 shares of the company’s stock valued at $462,000 after buying an additional 7,105 shares during the last quarter.

ARK Innovation ETF Stock Up 4.1 %

Shares of NYSEARCA ARKK opened at $49.19 on Monday. The firm has a 50-day simple moving average of $59.00 and a 200-day simple moving average of $54.32. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 41.12 and a beta of 1.89. ARK Innovation ETF has a 52 week low of $36.85 and a 52 week 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.