Madison Park Capital Advisors LLC decreased its position in ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 25.2% during the fourth quarter, HoldingsChannel reports. The firm owned 49,994 shares of the company’s stock after selling 16,827 shares during the quarter. ARK Innovation ETF comprises approximately 2.3% of Madison Park Capital Advisors LLC’s holdings, making the stock its 15th biggest position. Madison Park Capital Advisors LLC’s holdings in ARK Innovation ETF were worth $2,838,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Global Trust Asset Management LLC raised its position in shares of ARK Innovation ETF by 550.0% in the third quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock valued at $31,000 after purchasing an additional 550 shares during the period. Hershey Financial Advisers LLC bought a new position in ARK Innovation ETF during the second quarter worth $32,000. Strategic Investment Solutions Inc. IL bought a new position in ARK Innovation ETF during the second quarter worth $34,000. Brown Brothers Harriman & Co. bought a new position in ARK Innovation ETF during the third quarter worth $76,000. Finally, Hobbs Group Advisors LLC bought a new position in ARK Innovation ETF during the third quarter worth $86,000.
ARK Innovation ETF Trading Up 3.2 %
ARKK opened at $61.50 on Wednesday. ARK Innovation ETF has a fifty-two week low of $36.85 and a fifty-two week high of $63.44. The firm’s fifty day moving average price is $58.56 and its two-hundred day moving average price is $50.36.
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.
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Want to see what other hedge funds are holding ARKK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ARK Innovation ETF (NYSEARCA:ARKK – Free Report).
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