Principle Wealth Partners LLC Sells 617 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Principle Wealth Partners LLC lowered its position in ARK Innovation ETF (NYSEARCA:ARKK) by 5.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,775 shares of the company’s stock after selling 617 shares during the period. Principle Wealth Partners LLC’s holdings in ARK Innovation ETF were worth $668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of ARKK. Caprock Group LLC bought a new position in shares of ARK Innovation ETF during the 4th quarter worth approximately $293,000. SFG Wealth Management LLC. bought a new position in ARK Innovation ETF in the 4th quarter valued at $224,000. Barclays PLC raised its position in ARK Innovation ETF by 100.6% in the 3rd quarter. Barclays PLC now owns 65,166 shares of the company’s stock valued at $3,098,000 after purchasing an additional 32,679 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in ARK Innovation ETF in the 3rd quarter valued at $1,675,000. Finally, D.A. Davidson & CO. raised its position in ARK Innovation ETF by 3.1% in the 3rd quarter. D.A. Davidson & CO. now owns 12,172 shares of the company’s stock valued at $579,000 after purchasing an additional 361 shares during the last quarter.

ARK Innovation ETF Trading Down 2.2 %

Shares of ARKK opened at $61.35 on Wednesday. The stock has a fifty day moving average price of $60.44 and a two-hundred day moving average price of $52.02. ARK Innovation ETF has a 52-week low of $36.85 and a 52-week high of $64.72.

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.