First Horizon Advisors Inc. Reduces Stock Position in ARK Innovation ETF (NYSEARCA:ARKK)

First Horizon Advisors Inc. lowered its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 2.2% during the 4th quarter, HoldingsChannel reports. The fund owned 8,972 shares of the company’s stock after selling 205 shares during the period. First Horizon Advisors Inc.’s holdings in ARK Innovation ETF were worth $509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in shares of ARK Innovation ETF in the fourth quarter worth $68,000. Brown Brothers Harriman & Co. purchased a new stake in shares of ARK Innovation ETF in the third quarter worth $76,000. Hobbs Group Advisors LLC purchased a new stake in shares of ARK Innovation ETF in the third quarter worth $86,000. Bank of Jackson Hole Trust purchased a new stake in shares of ARK Innovation ETF in the fourth quarter worth $114,000. Finally, Global Trust Asset Management LLC raised its position in shares of ARK Innovation ETF by 221.5% in the fourth quarter. Global Trust Asset Management LLC now owns 2,090 shares of the company’s stock worth $119,000 after buying an additional 1,440 shares in the last quarter.

ARK Innovation ETF Trading Down 1.9 %

Shares of ARKK stock opened at $59.08 on Tuesday. ARK Innovation ETF has a 52-week low of $36.85 and a 52-week high of $68.43. The business’s fifty day moving average is $61.04 and its 200 day moving average is $53.39.

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.