Sigma Planning Corp Sells 3,346 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Sigma Planning Corp decreased its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 18.0% during the fourth quarter, HoldingsChannel reports. The fund owned 15,220 shares of the company’s stock after selling 3,346 shares during the quarter. Sigma Planning Corp’s holdings in ARK Innovation ETF were worth $864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Strategic Financial Concepts LLC purchased a new position in ARK Innovation ETF during the fourth quarter valued at approximately $514,000. Total Investment Management Inc. lifted its stake in ARK Innovation ETF by 16.9% in the 3rd quarter. Total Investment Management Inc. now owns 1,338,632 shares of the company’s stock worth $63,625,000 after purchasing an additional 193,251 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in ARK Innovation ETF in the 3rd quarter valued at $6,545,000. Ascension Capital Advisors Inc. grew its position in shares of ARK Innovation ETF by 32.0% during the 3rd quarter. Ascension Capital Advisors Inc. now owns 356,194 shares of the company’s stock valued at $16,930,000 after purchasing an additional 86,382 shares in the last quarter. Finally, Variant Private Wealth LLC bought a new position in shares of ARK Innovation ETF in the fourth quarter worth $4,862,000.

ARK Innovation ETF Stock Performance

ARK Innovation ETF stock opened at $56.00 on Wednesday. The stock has a market cap of $5.83 billion, a P/E ratio of 46.93 and a beta of 1.76. ARK Innovation ETF has a fifty-two week low of $36.85 and a fifty-two week high of $68.43. The firm’s fifty day moving average price is $60.82 and its 200-day moving average price is $53.61.

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.