International Assets Investment Management LLC cut its position in shares of ARK Innovation ETF (BATS:ARKK – Free Report) by 20.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,270 shares of the company’s stock after selling 6,397 shares during the quarter. International Assets Investment Management LLC’s holdings in ARK Innovation ETF were worth $1,944,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Caitlin John LLC purchased a new position in ARK Innovation ETF during the third quarter worth about $27,000. Addison Advisors LLC bought a new stake in ARK Innovation ETF in the third quarter worth about $28,000. New Millennium Group LLC bought a new stake in ARK Innovation ETF in the third quarter worth about $31,000. Wealth Watch Advisors INC bought a new stake in ARK Innovation ETF in the third quarter worth about $32,000. Finally, Russell Investments Group Ltd. raised its position in ARK Innovation ETF by 85.0% in the third quarter. Russell Investments Group Ltd. now owns 418 shares of the company’s stock worth $36,000 after acquiring an additional 192 shares during the period.
ARK Innovation ETF Stock Performance
Shares of ARKK stock opened at $79.12 on Friday. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92. ARK Innovation ETF has a 52 week low of $51.19 and a 52 week high of $92.65. The firm’s 50-day simple moving average is $72.73 and its two-hundred day simple moving average is $77.01.
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 issued by ARK.
Further Reading
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