Harbour Investments Inc. Sells 579 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Harbour Investments Inc. reduced its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,419 shares of the company’s stock after selling 579 shares during the quarter. Harbour Investments Inc.’s holdings in ARK Innovation ETF were worth $705,000 at the end of the most recent reporting period.

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

ARK Innovation ETF Stock Up 3.8 %

ARKK opened at $50.05 on Thursday. The business’s fifty day simple moving average is $58.39 and its 200 day simple moving average is $54.35. ARK Innovation ETF has a 52 week low of $36.85 and a 52 week high of $68.43. The stock has a market cap of $5.49 billion, a PE ratio of 41.12 and a beta of 1.89.

About ARK Innovation ETF

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.