Avantax Advisory Services Inc. Sells 2,616 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Avantax Advisory Services Inc. decreased its position in ARK Innovation ETF (NYSEARCA:ARKK) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,615 shares of the company’s stock after selling 2,616 shares during the quarter. Avantax Advisory Services Inc.’s holdings in ARK Innovation ETF were worth $2,249,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new stake in ARK Innovation ETF in the 4th quarter worth approximately $68,000. Brown Brothers Harriman & Co. acquired a new stake in ARK Innovation ETF in the 3rd quarter worth approximately $76,000. Hobbs Group Advisors LLC acquired a new stake in ARK Innovation ETF in the 3rd quarter worth approximately $86,000. Mainstream Capital Management LLC acquired a new stake in ARK Innovation ETF in the 4th quarter worth approximately $99,000. Finally, Bank of Jackson Hole Trust acquired a new stake in ARK Innovation ETF in the 4th quarter worth approximately $114,000.

ARK Innovation ETF Stock Performance

ARKK opened at $49.19 on Monday. The business has a 50 day moving average price of $59.00 and a 200 day moving average price of $54.32. ARK Innovation ETF has a twelve month low of $36.85 and a twelve month high of $68.43. The firm has a market cap of $5.40 billion, a P/E ratio of 41.12 and a beta of 1.89.

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.