ARK Innovation ETF (NYSEARCA:ARKK) Holdings Decreased by Parallel Advisors LLC

Parallel Advisors LLC trimmed its position in ARK Innovation ETF (NYSEARCA:ARKK) by 32.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 14,391 shares of the company’s stock after selling 6,844 shares during the period. Parallel Advisors LLC’s holdings in ARK Innovation ETF were worth $817,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Apollon Wealth Management LLC increased its holdings in shares of ARK Innovation ETF by 52.8% in the 4th quarter. Apollon Wealth Management LLC now owns 6,705 shares of the company’s stock valued at $381,000 after acquiring an additional 2,316 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of ARK Innovation ETF by 22.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,984 shares of the company’s stock valued at $1,021,000 after acquiring an additional 3,239 shares during the last quarter. Caprock Group LLC bought a new stake in shares of ARK Innovation ETF in the 4th quarter valued at approximately $293,000. Bank of Jackson Hole Trust bought a new stake in shares of ARK Innovation ETF in the 4th quarter valued at approximately $114,000. Finally, SFG Wealth Management LLC. bought a new stake in shares of ARK Innovation ETF in the 4th quarter valued at approximately $224,000.

ARK Innovation ETF Price Performance

NYSEARCA:ARKK opened at $50.05 on Thursday. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month high of $68.43. The firm has a market capitalization of $5.49 billion, a P/E ratio of 41.12 and a beta of 1.89. The business has a 50 day simple moving average of $58.39 and a 200 day simple moving average of $54.35.

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.