Financial Perspectives Inc Has $202,000 Stake in ARK Innovation ETF (NYSEARCA:ARKK)

Financial Perspectives Inc trimmed its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 36.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,565 shares of the company’s stock after selling 2,072 shares during the period. Financial Perspectives Inc’s holdings in ARK Innovation ETF were worth $202,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ARKK. International Assets Investment Management LLC lifted its position in shares of ARK Innovation ETF by 5,773.2% in the third quarter. International Assets Investment Management LLC now owns 1,589,348 shares of the company’s stock valued at $755,420,000 after buying an additional 1,562,287 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in ARK Innovation ETF during the 4th quarter worth $514,000. Total Investment Management Inc. increased its stake in shares of ARK Innovation ETF by 16.9% in the 3rd quarter. Total Investment Management Inc. now owns 1,338,632 shares of the company’s stock valued at $63,625,000 after purchasing an additional 193,251 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of ARK Innovation ETF in the 3rd quarter valued at $6,545,000. Finally, Ascension Capital Advisors Inc. increased its stake in shares of ARK Innovation ETF by 32.0% in the 3rd quarter. Ascension Capital Advisors Inc. now owns 356,194 shares of the company’s stock valued at $16,930,000 after purchasing an additional 86,382 shares during the last quarter.

ARK Innovation ETF Trading Down 0.8 %

Shares of ARKK opened at $66.48 on Wednesday. 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 $60.81 and its 200-day moving average is $52.71.

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.