J.W. Cole Advisors Inc. trimmed its holdings in ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 1.3% during the fourth quarter, Holdings Channel reports. The firm owned 20,247 shares of the company’s stock after selling 275 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in ARK Innovation ETF were worth $1,149,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Global Trust Asset Management LLC increased its holdings in ARK Innovation ETF by 550.0% in the third 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. Brown Brothers Harriman & Co. bought a new stake in shares of ARK Innovation ETF in the 3rd quarter valued at $76,000. Hobbs Group Advisors LLC bought a new stake in shares of ARK Innovation ETF in the 3rd quarter valued at $86,000. Elevation Wealth Partners LLC bought a new position in ARK Innovation ETF during the fourth quarter worth $125,000. Finally, Spire Wealth Management grew its holdings in ARK Innovation ETF by 118.6% in the fourth quarter. Spire Wealth Management now owns 3,273 shares of the company’s stock worth $186,000 after purchasing an additional 1,776 shares during the period.
ARK Innovation ETF Trading Down 0.8 %
Shares of NYSEARCA ARKK opened at $66.48 on Wednesday. The firm’s 50-day moving average price is $60.81 and its 200-day moving average price is $52.71. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $68.43.
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.
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