LPL Financial LLC decreased its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 10.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,102,316 shares of the company’s stock after selling 238,384 shares during the period. LPL Financial LLC’s holdings in ARK Innovation ETF were worth $119,348,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the business. Apollon Wealth Management LLC boosted its stake in shares of ARK Innovation ETF by 52.8% during the 4th quarter. Apollon Wealth Management LLC now owns 6,705 shares of the company’s stock worth $381,000 after buying an additional 2,316 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in ARK Innovation ETF by 22.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,984 shares of the company’s stock valued at $1,021,000 after purchasing an additional 3,239 shares during the last quarter. Caprock Group LLC acquired a new position in ARK Innovation ETF during the fourth quarter valued at approximately $293,000. Bank of Jackson Hole Trust bought a new position in ARK Innovation ETF in the fourth quarter valued at approximately $114,000. Finally, SFG Wealth Management LLC. bought a new stake in shares of ARK Innovation ETF during the 4th quarter worth approximately $224,000.
ARK Innovation ETF Trading Up 5.2 %
NYSEARCA ARKK opened at $54.18 on Tuesday. The company has a market cap of $5.94 billion, a PE ratio of 41.12 and a beta of 1.89. ARK Innovation ETF has a 12 month low of $36.85 and a 12 month high of $68.43. The stock has a 50 day moving average of $58.04 and a 200-day moving average of $54.60.
ARK Innovation ETF Company 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.
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