Gerber LLC reduced its holdings in ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,545 shares of the company’s stock after selling 4,255 shares during the period. ARK Innovation ETF makes up 7.8% of Gerber LLC’s holdings, making the stock its 4th biggest position. Gerber LLC’s holdings in ARK Innovation ETF were worth $10,760,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of ARKK. Kestra Investment Management LLC purchased a new position in shares of ARK Innovation ETF in the fourth quarter worth about $68,000. Brown Brothers Harriman & Co. purchased a new position in shares of ARK Innovation ETF in the third quarter worth about $76,000. Hobbs Group Advisors LLC purchased a new position in shares of ARK Innovation ETF in the third quarter worth about $86,000. Mainstream Capital Management LLC purchased a new position in shares of ARK Innovation ETF in the fourth quarter worth about $99,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of ARK Innovation ETF in the fourth quarter worth about $114,000.
ARK Innovation ETF Trading Up 2.9 %
NYSEARCA:ARKK opened at $49.61 on Thursday. ARK Innovation ETF has a twelve month low of $36.85 and a twelve month high of $68.43. The company has a market cap of $5.16 billion, a P/E ratio of 46.93 and a beta of 1.76. The company’s 50-day moving average price is $59.41 and its 200-day moving average price is $54.21.
ARK Innovation ETF 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.
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