XML Financial LLC Lowers Stake in ARK Innovation ETF (NYSEARCA:ARKK)

XML Financial LLC cut its position in ARK Innovation ETF (NYSEARCA:ARKK) by 34.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,177 shares of the company’s stock after selling 3,213 shares during the quarter. XML Financial LLC’s holdings in ARK Innovation ETF were worth $351,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ARKK. Global Trust Asset Management LLC grew its stake in ARK Innovation ETF by 550.0% during the 3rd quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock worth $31,000 after buying an additional 550 shares during the last quarter. Hershey Financial Advisers LLC purchased a new stake in shares of ARK Innovation ETF during the second quarter worth about $32,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of ARK Innovation ETF in the 2nd quarter valued at approximately $34,000. Brown Brothers Harriman & Co. acquired a new stake in ARK Innovation ETF in the 3rd quarter worth approximately $76,000. Finally, Hobbs Group Advisors LLC purchased a new stake in ARK Innovation ETF during the 3rd quarter worth approximately $86,000.

ARK Innovation ETF Stock Up 0.9 %

NYSEARCA ARKK opened at $62.06 on Thursday. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month high of $63.44. The company has a fifty day simple moving average of $58.65 and a two-hundred day simple moving average of $50.47.

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.