ARK Innovation ETF (NYSEARCA:ARKK) Shares Sold by Milestone Asset Management LLC

Milestone Asset Management LLC cut its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 10.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,336 shares of the company’s stock after selling 482 shares during the quarter. Milestone Asset Management LLC’s holdings in ARK Innovation ETF were worth $246,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ARKK. Global Trust Asset Management LLC grew its position in ARK Innovation ETF by 550.0% during the third quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock worth $31,000 after buying an additional 550 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of ARK Innovation ETF in the 2nd quarter worth approximately $34,000. Brown Brothers Harriman & Co. purchased a new position in ARK Innovation ETF in the 3rd quarter valued at approximately $76,000. Hobbs Group Advisors LLC acquired a new position in ARK Innovation ETF during the third quarter worth $86,000. Finally, Capstone Investment Advisors LLC purchased a new stake in ARK Innovation ETF during the third quarter worth $202,000.

ARK Innovation ETF Stock Up 2.7 %

NYSEARCA:ARKK opened at $63.51 on Friday. ARK Innovation ETF has a 52-week low of $36.85 and a 52-week high of $64.03. The stock has a fifty day simple moving average of $59.49 and a 200-day simple moving average of $51.11.

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.