Signature Estate & Investment Advisors LLC Sells 1,486 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Signature Estate & Investment Advisors LLC decreased its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 17.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,150 shares of the company’s stock after selling 1,486 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in ARK Innovation ETF were worth $406,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Brown Brothers Harriman & Co. purchased a new stake in shares of ARK Innovation ETF during the 3rd quarter worth $76,000. D.A. Davidson & CO. lifted its position in shares of ARK Innovation ETF by 3.1% during the third quarter. D.A. Davidson & CO. now owns 12,172 shares of the company’s stock valued at $579,000 after buying an additional 361 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of ARK Innovation ETF in the 3rd quarter valued at about $202,000. Centiva Capital LP grew its position in shares of ARK Innovation ETF by 146.6% in the 3rd quarter. Centiva Capital LP now owns 16,175 shares of the company’s stock worth $769,000 after buying an additional 50,887 shares during the last quarter. Finally, IHT Wealth Management LLC raised its stake in shares of ARK Innovation ETF by 17.2% during the 3rd quarter. IHT Wealth Management LLC now owns 82,185 shares of the company’s stock worth $3,939,000 after acquiring an additional 12,071 shares in the last quarter.

ARK Innovation ETF Stock Down 4.6 %

Shares of ARKK opened at $51.66 on Thursday. The company has a 50 day moving average of $57.85 and a two-hundred day moving average of $54.67. 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 $5.67 billion, a price-to-earnings ratio of 41.12 and a beta of 1.89.

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.