Mutual Advisors LLC Decreases Stock Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Mutual Advisors LLC trimmed its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 19.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,012 shares of the company’s stock after selling 6,415 shares during the quarter. Mutual Advisors LLC’s holdings in ARK Innovation ETF were worth $1,528,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Global Trust Asset Management LLC lifted its stake in ARK Innovation ETF by 550.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock worth $31,000 after purchasing an additional 550 shares in the last quarter. Hershey Financial Advisers LLC purchased a new position in ARK Innovation ETF in the 2nd quarter worth approximately $32,000. Strategic Investment Solutions Inc. IL purchased a new position in ARK Innovation ETF in the 2nd quarter worth approximately $34,000. Brown Brothers Harriman & Co. purchased a new position in ARK Innovation ETF in the 3rd quarter worth approximately $76,000. Finally, Hobbs Group Advisors LLC purchased a new position in ARK Innovation ETF in the 3rd quarter worth approximately $86,000.

ARK Innovation ETF Stock Performance

Shares of NYSEARCA ARKK opened at $62.33 on Friday. The company has a 50 day simple moving average of $58.95 and a 200-day simple moving average of $50.64. ARK Innovation ETF has a 1 year low of $36.85 and a 1 year high of $63.61.

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.