Kestra Private Wealth Services LLC Cuts Position in ARK Innovation ETF (NYSEARCA:ARKK)

Kestra Private Wealth Services LLC trimmed its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 13.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,201 shares of the company’s stock after selling 12,944 shares during the quarter. Kestra Private Wealth Services LLC owned 0.05% of ARK Innovation ETF worth $4,610,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Global Trust Asset Management LLC raised its stake in shares of ARK Innovation ETF by 550.0% during the 3rd quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock worth $31,000 after purchasing an additional 550 shares during the period. Brown Brothers Harriman & Co. bought a new stake in ARK Innovation ETF in the third quarter worth about $76,000. Hobbs Group Advisors LLC purchased a new position in ARK Innovation ETF in the third quarter valued at about $86,000. Spire Wealth Management grew its position in shares of ARK Innovation ETF by 118.6% during the 4th quarter. Spire Wealth Management now owns 3,273 shares of the company’s stock valued at $186,000 after acquiring an additional 1,776 shares during the period. Finally, AlphaStar Capital Management LLC purchased a new stake in shares of ARK Innovation ETF during the 4th quarter worth approximately $207,000.

ARK Innovation ETF Trading Down 0.1 %

ARK Innovation ETF stock opened at $62.72 on Tuesday. The business’s 50 day simple moving average is $60.37 and its 200 day simple moving average is $51.90. ARK Innovation ETF has a 12 month low of $36.85 and a 12 month high of $64.72.

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.