Financial Perspectives Inc Sells 2,072 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Financial Perspectives Inc lowered its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 36.8% during the fourth quarter, HoldingsChannel reports. The fund owned 3,565 shares of the company’s stock after selling 2,072 shares during the quarter. Financial Perspectives Inc’s holdings in ARK Innovation ETF were worth $202,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ARKK. Rodgers & Associates LTD grew its position in ARK Innovation ETF by 18.9% during the 3rd quarter. Rodgers & Associates LTD now owns 13,070 shares of the company’s stock worth $654,000 after acquiring an additional 2,073 shares during the last quarter. Private Advisor Group LLC lifted its holdings in ARK Innovation ETF by 33.3% during the 3rd quarter. Private Advisor Group LLC now owns 326,578 shares of the company’s stock worth $15,522,000 after buying an additional 81,580 shares during the period. International Assets Investment Management LLC lifted its holdings in ARK Innovation ETF by 5,773.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,589,348 shares of the company’s stock worth $755,420,000 after buying an additional 1,562,287 shares during the period. Global Assets Advisory LLC acquired a new position in ARK Innovation ETF during the 3rd quarter worth about $266,000. Finally, Global Trust Asset Management LLC lifted its holdings in ARK Innovation ETF by 550.0% during the 3rd 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.

ARK Innovation ETF Stock Down 0.8 %

Shares of ARKK opened at $66.48 on Wednesday. ARK Innovation ETF has a 12 month low of $36.85 and a 12 month high of $68.43. The stock’s 50-day moving average price is $60.81 and its two-hundred day moving average price is $52.71.

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.