Interchange Capital Partners LLC Decreases Position in ARK Innovation ETF (NYSEARCA:ARKK)

Interchange Capital Partners LLC lessened its position in ARK Innovation ETF (NYSEARCA:ARKK) by 7.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,121 shares of the company’s stock after selling 406 shares during the period. Interchange Capital Partners LLC’s holdings in ARK Innovation ETF were worth $291,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ARKK. Raymond James Financial Inc. bought a new position in ARK Innovation ETF in the 4th quarter valued at approximately $54,586,000. Strategic Financial Concepts LLC purchased a new stake in shares of ARK Innovation ETF during the fourth quarter valued at $514,000. Ascension Capital Advisors Inc. boosted 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 buying an additional 17,764 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in ARK Innovation ETF in the 3rd quarter worth about $6,545,000. Finally, One Charles Private Wealth Services LLC lifted its stake in ARK Innovation ETF by 6.1% during the 4th quarter. One Charles Private Wealth Services LLC now owns 122,800 shares of the company’s stock valued at $6,971,000 after acquiring an additional 7,010 shares during the period.

ARK Innovation ETF Stock Up 5.2 %

Shares of NYSEARCA ARKK opened at $54.18 on Tuesday. The firm’s 50-day moving average price is $58.04 and its 200-day moving average price is $54.60. ARK Innovation ETF has a 52-week low of $36.85 and a 52-week high of $68.43. The company has a market cap of $5.94 billion, a PE ratio of 41.12 and a beta of 1.89.

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.