Stephens Inc. AR Sells 526 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Stephens Inc. AR trimmed its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 4.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,373 shares of the company’s stock after selling 526 shares during the quarter. Stephens Inc. AR’s holdings in ARK Innovation ETF were worth $646,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Global Trust Asset Management LLC lifted its holdings 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 valued at $31,000 after purchasing an additional 550 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in ARK Innovation ETF during the third quarter valued at approximately $76,000. Hobbs Group Advisors LLC purchased a new position in ARK Innovation ETF during the third quarter valued at approximately $86,000. Spire Wealth Management lifted its holdings in ARK Innovation ETF by 118.6% during the fourth quarter. Spire Wealth Management now owns 3,273 shares of the company’s stock valued at $186,000 after purchasing an additional 1,776 shares in the last quarter. Finally, Capstone Investment Advisors LLC purchased a new position in ARK Innovation ETF during the third quarter valued at approximately $202,000.

ARK Innovation ETF Stock Up 3.5 %

Shares of NYSEARCA:ARKK opened at $67.02 on Friday. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $67.16. The firm’s 50 day simple moving average is $60.61 and its two-hundred day simple moving average is $52.30.

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.