Commonwealth Equity Services LLC Sells 35,805 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Commonwealth Equity Services LLC cut its stake in shares of ARK Innovation ETF (NYSEARCA:ARKKFree Report) by 7.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 457,005 shares of the company’s stock after selling 35,805 shares during the quarter. Commonwealth Equity Services LLC owned 0.31% of ARK Innovation ETF worth $25,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in shares of ARK Innovation ETF in the 4th quarter worth approximately $54,586,000. Strategic Financial Concepts LLC bought a new stake in ARK Innovation ETF during the 4th quarter valued at $514,000. Ascension Capital Advisors Inc. raised its holdings in ARK Innovation ETF by 5.0% during the 4th quarter. Ascension Capital Advisors Inc. now owns 373,958 shares of the company’s stock valued at $21,230,000 after buying an additional 17,764 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in ARK Innovation ETF during the 3rd quarter valued at $6,545,000. Finally, SG Americas Securities LLC increased its position in ARK Innovation ETF by 4.8% during the 4th quarter. SG Americas Securities LLC now owns 112,267 shares of the company’s stock valued at $6,373,000 after purchasing an additional 5,191 shares during the period.

ARK Innovation ETF Trading Up 4.1 %

Shares of ARK Innovation ETF stock opened at $49.19 on Friday. The company’s fifty day simple moving average is $59.00 and its two-hundred day simple moving average is $54.25. The company has a market cap of $5.40 billion, a P/E ratio of 41.12 and a beta of 1.89. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month high of $68.43.

ARK Innovation ETF Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for ARK Innovation ETF (NYSEARCA:ARKK)

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