Blue Trust Inc. Lowers Stake in ARK Innovation ETF (NYSEARCA:ARKK)

Blue Trust Inc. lessened its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 89.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 165,117 shares of the company’s stock after selling 1,349,746 shares during the period. Blue Trust Inc.’s holdings in ARK Innovation ETF were worth $9,374,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in shares of ARK Innovation ETF by 5,773.2% in the third quarter. International Assets Investment Management LLC now owns 1,589,348 shares of the company’s stock worth $755,420,000 after buying an additional 1,562,287 shares during the period. Total Investment Management Inc. boosted its position in shares of ARK Innovation ETF by 16.9% in the third quarter. Total Investment Management Inc. now owns 1,338,632 shares of the company’s stock worth $63,625,000 after buying an additional 193,251 shares during the period. Strategic Financial Concepts LLC purchased a new stake in shares of ARK Innovation ETF in the fourth quarter worth about $514,000. Ascension Capital Advisors Inc. boosted its position in shares of ARK Innovation ETF by 32.0% in the third quarter. Ascension Capital Advisors Inc. now owns 356,194 shares of the company’s stock worth $16,930,000 after buying an additional 86,382 shares during the period. Finally, Private Advisor Group LLC boosted its position in shares of ARK Innovation ETF by 33.3% in the third quarter. Private Advisor Group LLC now owns 326,578 shares of the company’s stock worth $15,522,000 after buying an additional 81,580 shares during the period.

ARK Innovation ETF Stock Up 3.5 %

Shares of NYSEARCA ARKK opened at $67.02 on Friday. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $67.16. The business has a 50-day moving average of $60.61 and a 200-day moving average of $52.30.

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.