Oppenheimer & Co. Inc. Sells 2,504 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Oppenheimer & Co. Inc. reduced its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 7.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 31,616 shares of the company’s stock after selling 2,504 shares during the period. Oppenheimer & Co. Inc.’s holdings in ARK Innovation ETF were worth $1,583,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Dfpg Investments LLC increased its stake in shares of ARK Innovation ETF by 3.8% in the fourth quarter. Dfpg Investments LLC now owns 10,812 shares of the company’s stock valued at $525,000 after buying an additional 392 shares during the period. Sound Income Strategies LLC increased its stake in shares of ARK Innovation ETF by 10.1% in the fourth quarter. Sound Income Strategies LLC now owns 3,452 shares of the company’s stock valued at $181,000 after buying an additional 318 shares during the period. TCP Asset Management LLC acquired a new stake in shares of ARK Innovation ETF in the fourth quarter valued at about $238,000. TruWealth Advisors LLC acquired a new stake in shares of ARK Innovation ETF in the fourth quarter valued at about $227,000. Finally, Dynamic Advisor Solutions LLC increased its stake in shares of ARK Innovation ETF by 91.1% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 46,060 shares of the company’s stock valued at $2,252,000 after buying an additional 21,958 shares during the period.

ARK Innovation ETF Price Performance

Shares of ARKK stock opened at $46.79 on Monday. The stock has a 50-day moving average of $44.47 and a 200-day moving average of $46.76. ARK Innovation ETF has a 1-year low of $33.76 and a 1-year high of $54.52.

ARK Innovation ETF 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.