Prospect Financial Services LLC Has $432,000 Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Prospect Financial Services LLC lessened its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,608 shares of the company’s stock after selling 398 shares during the quarter. Prospect Financial Services LLC’s holdings in ARK Innovation ETF were worth $432,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Perigon Wealth Management LLC raised its position in ARK Innovation ETF by 3.6% during the fourth quarter. Perigon Wealth Management LLC now owns 11,986 shares of the company’s stock worth $704,000 after acquiring an additional 421 shares in the last quarter. Kingswood Wealth Advisors LLC grew its stake in shares of ARK Innovation ETF by 33.4% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 41,257 shares of the company’s stock valued at $2,342,000 after acquiring an additional 10,330 shares in the last quarter. PFG Investments LLC grew its stake in shares of ARK Innovation ETF by 4.1% in the fourth quarter. PFG Investments LLC now owns 24,354 shares of the company’s stock valued at $1,383,000 after acquiring an additional 952 shares in the last quarter. Summit Investment Advisory Services LLC grew its stake in shares of ARK Innovation ETF by 4.1% in the fourth quarter. Summit Investment Advisory Services LLC now owns 10,731 shares of the company’s stock valued at $609,000 after acquiring an additional 424 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC grew its stake in ARK Innovation ETF by 3.0% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 34,133 shares of the company’s stock worth $1,938,000 after buying an additional 985 shares in the last quarter.

ARK Innovation ETF Trading Down 2.6 %

Shares of ARK Innovation ETF stock opened at $60.70 on Tuesday. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month high of $63.61. The firm’s 50-day moving average price is $59.13 and its two-hundred day moving average price is $50.82.

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.