Banco Santander S.A. Lowers Stock Position in ARK Innovation ETF (NYSEARCA:ARKK)

Banco Santander S.A. reduced its position in ARK Innovation ETF (NYSEARCA:ARKK) by 25.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,380 shares of the company’s stock after selling 5,659 shares during the quarter. Banco Santander S.A.’s holdings in ARK Innovation ETF were worth $930,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARKK. Kestra Investment Management LLC acquired a new position in ARK Innovation ETF during the fourth quarter valued at approximately $68,000. Brown Brothers Harriman & Co. acquired a new position in shares of ARK Innovation ETF during the 3rd quarter valued at $76,000. Hobbs Group Advisors LLC purchased a new stake in ARK Innovation ETF during the 3rd quarter worth $86,000. Mainstream Capital Management LLC acquired a new stake in ARK Innovation ETF in the 4th quarter valued at $99,000. Finally, Bank of Jackson Hole Trust purchased a new position in ARK Innovation ETF in the fourth quarter valued at about $114,000.

ARK Innovation ETF Price Performance

Shares of ARKK opened at $52.45 on Monday. ARK Innovation ETF has a 12 month low of $36.85 and a 12 month high of $68.43. The stock’s 50-day moving average is $59.92 and its two-hundred day moving average is $54.20. The stock has a market cap of $5.46 billion, a PE ratio of 46.93 and a beta of 1.76.

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.