ARK Innovation ETF (NYSEARCA:ARKK) Shares Sold by Evolution Wealth Advisors LLC

Evolution Wealth Advisors LLC decreased its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 2.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 14,596 shares of the company’s stock after selling 398 shares during the quarter. Evolution Wealth Advisors LLC’s holdings in ARK Innovation ETF were worth $829,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ARKK. Global Trust Asset Management LLC increased its stake 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 acquiring an additional 550 shares during the last quarter. Hershey Financial Advisers LLC acquired a new stake in ARK Innovation ETF during the second quarter worth $32,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of ARK Innovation ETF during the second quarter worth $34,000. Brown Brothers Harriman & Co. acquired a new stake in shares of ARK Innovation ETF in the third quarter valued at $76,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of ARK Innovation ETF in the third quarter valued at $86,000.

ARK Innovation ETF Stock Up 0.9 %

Shares of NYSEARCA ARKK opened at $62.06 on Thursday. ARK Innovation ETF has a twelve month low of $36.85 and a twelve month high of $63.44. The stock has a fifty day simple moving average of $58.65 and a 200-day simple moving average of $50.47.

ARK Innovation ETF 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.