Financial Advocates Investment Management Reduces Stock Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Financial Advocates Investment Management lessened its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 4.2% in the fourth quarter, Holdings Channel reports. The fund owned 5,709 shares of the company’s stock after selling 252 shares during the quarter. Financial Advocates Investment Management’s holdings in ARK Innovation ETF were worth $324,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ARKK. Caprock Group LLC purchased a new position in shares of ARK Innovation ETF in the fourth quarter valued at $293,000. SFG Wealth Management LLC. purchased a new position in ARK Innovation ETF in the 4th quarter valued at about $224,000. Renaissance Technologies LLC acquired a new stake in shares of ARK Innovation ETF during the second quarter valued at about $246,000. Barclays PLC grew its stake in shares of ARK Innovation ETF by 100.6% during the third quarter. Barclays PLC now owns 65,166 shares of the company’s stock valued at $3,098,000 after acquiring an additional 32,679 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of ARK Innovation ETF during the third quarter worth about $1,675,000.

ARK Innovation ETF Price Performance

Shares of ARKK opened at $62.76 on Monday. ARK Innovation ETF has a one year low of $36.85 and a one year high of $64.72. The stock has a 50-day moving average price of $60.37 and a 200 day moving average price of $51.85.

About ARK Innovation ETF

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.