Houlihan Financial Resource Group Ltd. Sells 772 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Houlihan Financial Resource Group Ltd. trimmed its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 8.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 8,727 shares of the company’s stock after selling 772 shares during the period. Houlihan Financial Resource Group Ltd.’s holdings in ARK Innovation ETF were worth $495,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of ARK Innovation ETF during the fourth quarter valued at approximately $54,586,000. Strategic Financial Concepts LLC purchased a new position in shares of ARK Innovation ETF during the fourth quarter valued at about $514,000. Ascension Capital Advisors Inc. grew its position in shares of ARK Innovation ETF by 5.0% during the fourth quarter. Ascension Capital Advisors Inc. now owns 373,958 shares of the company’s stock valued at $21,230,000 after purchasing an additional 17,764 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of ARK Innovation ETF in the third quarter worth about $6,545,000. Finally, One Charles Private Wealth Services LLC lifted its position in shares of ARK Innovation ETF by 6.1% in the fourth quarter. One Charles Private Wealth Services LLC now owns 122,800 shares of the company’s stock worth $6,971,000 after buying an additional 7,010 shares in the last quarter.

ARK Innovation ETF Price Performance

NYSEARCA ARKK opened at $54.18 on Tuesday. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $68.43. The business has a 50 day simple moving average of $58.04 and a two-hundred day simple moving average of $54.60. The stock has a market capitalization of $5.94 billion, a PE 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.