ARK Innovation ETF (NYSEARCA:ARKK) Shares Sold by Lincoln National Corp

Lincoln National Corp trimmed its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 18.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,309 shares of the company’s stock after selling 3,571 shares during the quarter. Lincoln National Corp’s holdings in ARK Innovation ETF were worth $854,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Morgan Stanley grew its stake in ARK Innovation ETF by 5.1% during the 3rd quarter. Morgan Stanley now owns 9,524,089 shares of the company’s stock worth $377,821,000 after purchasing an additional 460,104 shares in the last quarter. LPL Financial LLC boosted its position in shares of ARK Innovation ETF by 2.5% during the 3rd quarter. LPL Financial LLC now owns 3,631,858 shares of the company’s stock worth $144,076,000 after acquiring an additional 89,000 shares in the last quarter. Citigroup Inc. boosted its position in shares of ARK Innovation ETF by 11.3% during the 3rd quarter. Citigroup Inc. now owns 3,227,469 shares of the company’s stock worth $128,034,000 after acquiring an additional 328,088 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of ARK Innovation ETF during the 4th quarter worth about $93,781,000. Finally, Raymond James & Associates boosted its position in shares of ARK Innovation ETF by 5.8% during the 4th quarter. Raymond James & Associates now owns 951,484 shares of the company’s stock worth $49,829,000 after acquiring an additional 52,574 shares in the last quarter.

ARK Innovation ETF Stock Down 0.6 %

NYSEARCA:ARKK opened at $44.16 on Friday. The stock has a 50-day simple moving average of $47.28 and a 200-day simple moving average of $46.80. ARK Innovation ETF has a 1 year low of $33.76 and a 1 year high of $54.52.

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.