Raymond James Financial Services Advisors Inc. Reduces Position in ARK Innovation ETF (NYSEARCA:ARKK)

Raymond James Financial Services Advisors Inc. cut its position in ARK Innovation ETF (NYSEARCA:ARKK) by 11.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 567,561 shares of the company’s stock after selling 76,779 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.31% of ARK Innovation ETF worth $29,723,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Cedar Brook Financial Partners LLC purchased a new stake in shares of ARK Innovation ETF in the 4th quarter valued at approximately $203,000. Integrated Advisors Network LLC acquired a new position in shares of ARK Innovation ETF in the 3rd quarter valued at $206,000. Headinvest LLC acquired a new position in shares of ARK Innovation ETF in the 3rd quarter valued at $37,000. Dfpg Investments LLC boosted its holdings in shares of ARK Innovation ETF by 3.8% in the 4th quarter. Dfpg Investments LLC now owns 10,812 shares of the company’s stock valued at $525,000 after buying an additional 392 shares in the last quarter. Finally, Banque Pictet & Cie SA acquired a new position in shares of ARK Innovation ETF in the 3rd quarter valued at $344,000.

ARK Innovation ETF Stock Performance

Shares of ARK Innovation ETF stock opened at $50.11 on Thursday. The company has a fifty day simple moving average of $48.82 and a 200-day simple moving average of $45.57. ARK Innovation ETF has a 12-month low of $33.76 and a 12-month high of $54.52.

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.