Houlihan Financial Resource Group Ltd. Sells 772 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Houlihan Financial Resource Group Ltd. decreased its position in ARK Innovation ETF (NYSEARCA:ARKK) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,727 shares of the company’s stock after selling 772 shares during the quarter. Houlihan Financial Resource Group Ltd.’s holdings in ARK Innovation ETF were worth $495,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ARKK. Apollon Wealth Management LLC grew its position in shares of ARK Innovation ETF by 52.8% during the 4th quarter. Apollon Wealth Management LLC now owns 6,705 shares of the company’s stock valued at $381,000 after acquiring an additional 2,316 shares during the period. Steward Partners Investment Advisory LLC lifted its position in ARK Innovation ETF by 22.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,984 shares of the company’s stock valued at $1,021,000 after purchasing an additional 3,239 shares in the last quarter. Caprock Group LLC bought a new stake in ARK Innovation ETF during the fourth quarter valued at about $293,000. Bank of Jackson Hole Trust purchased a new stake in ARK Innovation ETF in the fourth quarter worth about $114,000. Finally, SFG Wealth Management LLC. bought a new position in shares of ARK Innovation ETF in the fourth quarter worth about $224,000.

ARK Innovation ETF Stock Up 5.2 %

ARKK stock opened at $54.18 on Tuesday. The business’s 50-day moving average price is $58.04 and its 200-day moving average price is $54.60. The stock has a market cap of $5.94 billion, a P/E ratio of 41.12 and a beta of 1.89. ARK Innovation ETF has a twelve month low of $36.85 and a twelve month 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.