Truist Financial Corp cut its position in shares of ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 136,283 shares of the company’s stock after selling 4,099 shares during the period. Truist Financial Corp’s holdings in ARK Innovation ETF were worth $7,737,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Apollon Wealth Management LLC increased its position in shares of ARK Innovation ETF by 52.8% during the fourth quarter. Apollon Wealth Management LLC now owns 6,705 shares of the company’s stock valued at $381,000 after purchasing an additional 2,316 shares during the period. Caprock Group LLC bought a new stake in shares of ARK Innovation ETF during the fourth quarter valued at approximately $293,000. SFG Wealth Management LLC. bought a new stake in ARK Innovation ETF in the fourth quarter valued at $224,000. Barclays PLC grew its position in ARK Innovation ETF by 100.6% in the third quarter. Barclays PLC now owns 65,166 shares of the company’s stock valued at $3,098,000 after acquiring an additional 32,679 shares during the period. Finally, Empowered Funds LLC bought a new stake in ARK Innovation ETF in the fourth quarter valued at $1,149,000.
ARK Innovation ETF Trading Down 5.9 %
Shares of NYSEARCA:ARKK opened at $60.20 on Friday. The business’s fifty day moving average price is $61.06 and its two-hundred day moving average price is $53.06. ARK Innovation ETF has a fifty-two week low of $36.85 and a fifty-two week high of $68.43.
About ARK Innovation ETF
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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