ARK Innovation ETF (NYSEARCA:ARKK) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 22.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,048 shares of the company’s stock after selling 5,455 shares during the quarter. PNC Financial Services Group Inc.’s holdings in ARK Innovation ETF were worth $998,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of ARK Innovation ETF in the 4th quarter valued at about $93,781,000. Simplex Trading LLC purchased a new stake in shares of ARK Innovation ETF in the 4th quarter valued at about $29,351,000. Morgan Stanley lifted its holdings in shares of ARK Innovation ETF by 5.1% in the 3rd quarter. Morgan Stanley now owns 9,524,089 shares of the company’s stock valued at $377,821,000 after purchasing an additional 460,104 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of ARK Innovation ETF by 11.3% in the 3rd quarter. Citigroup Inc. now owns 3,227,469 shares of the company’s stock valued at $128,034,000 after purchasing an additional 328,088 shares during the last quarter. Finally, Gerber LLC purchased a new stake in shares of ARK Innovation ETF in the 4th quarter valued at about $11,271,000.

ARK Innovation ETF Price Performance

ARK Innovation ETF stock opened at $43.32 on Monday. ARK Innovation ETF has a fifty-two week low of $33.76 and a fifty-two week high of $54.52. The stock has a 50-day simple moving average of $44.11 and a 200-day simple moving average of $47.43.

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.