ARK Innovation ETF (NYSEARCA:ARKK) Position Decreased by Global Retirement Partners LLC

Global Retirement Partners LLC lowered its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 23.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,992 shares of the company’s stock after selling 1,509 shares during the period. Global Retirement Partners LLC’s holdings in ARK Innovation ETF were worth $283,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strategic Financial Concepts LLC acquired a new position in ARK Innovation ETF in the fourth quarter worth approximately $514,000. Total Investment Management Inc. boosted its stake in shares of ARK Innovation ETF by 16.9% during the 3rd quarter. Total Investment Management Inc. now owns 1,338,632 shares of the company’s stock worth $63,625,000 after acquiring an additional 193,251 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of ARK Innovation ETF in the 3rd quarter worth $6,545,000. Ascension Capital Advisors Inc. raised its position in shares of ARK Innovation ETF by 32.0% during the third quarter. Ascension Capital Advisors Inc. now owns 356,194 shares of the company’s stock worth $16,930,000 after purchasing an additional 86,382 shares during the period. Finally, SteelPeak Wealth LLC purchased a new stake in shares of ARK Innovation ETF during the fourth quarter valued at $3,512,000.

ARK Innovation ETF Trading Down 1.9 %

NYSEARCA:ARKK opened at $59.08 on Tuesday. The stock has a fifty day simple moving average of $61.04 and a 200 day simple moving average of $53.39. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $68.43.

ARK Innovation ETF Company 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.