Strategic Advisors LLC Trims Position in ARK Innovation ETF (NYSEARCA:ARKK)

Strategic Advisors LLC lessened its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 14.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,920 shares of the company’s stock after selling 1,122 shares during the period. Strategic Advisors LLC’s holdings in ARK Innovation ETF were worth $393,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of ARKK. Global Trust Asset Management LLC increased its position in shares of 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 purchasing an additional 550 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of ARK Innovation ETF during the 3rd quarter worth about $76,000. Hobbs Group Advisors LLC acquired a new stake in shares of ARK Innovation ETF during the 3rd quarter worth about $86,000. Elevation Wealth Partners LLC acquired a new stake in shares of ARK Innovation ETF during the 4th quarter worth about $125,000. Finally, Spire Wealth Management increased its position in shares of ARK Innovation ETF by 118.6% during the 4th 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 last quarter.

ARK Innovation ETF Price Performance

Shares of NYSEARCA:ARKK opened at $67.02 on Tuesday. The business has a 50-day moving average price of $60.69 and a 200 day moving average price of $52.54. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month high of $67.16.

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.