ARK Innovation ETF (NYSEARCA:ARKK) Shares Sold by Scotia Capital Inc.

Scotia Capital Inc. cut its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 5.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 58,286 shares of the company’s stock after selling 3,565 shares during the period. Scotia Capital Inc.’s holdings in ARK Innovation ETF were worth $3,309,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of 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 buying an additional 32,679 shares in the last quarter. Sculati Wealth Management LLC purchased a new position in ARK Innovation ETF in the third quarter worth approximately $220,000. Fiduciary Alliance LLC acquired a new position in ARK Innovation ETF during the 4th quarter worth approximately $226,000. Park Avenue Securities LLC increased its position in shares of ARK Innovation ETF by 211.2% in the 4th quarter. Park Avenue Securities LLC now owns 13,321 shares of the company’s stock valued at $756,000 after purchasing an additional 9,041 shares during the last quarter. Finally, Advisors Management Group Inc. ADV acquired a new stake in shares of ARK Innovation ETF in the 4th quarter valued at $224,000.

ARK Innovation ETF Trading Up 3.1 %

Shares of ARKK stock opened at $45.89 on Friday. The company has a market cap of $4.79 billion, a P/E ratio of 28.92 and a beta of 1.98. The firm has a fifty day moving average price of $53.39 and a 200 day moving average price of $54.60. ARK Innovation ETF has a 12 month low of $36.85 and a 12 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.