Hanover Advisors Inc. Sells 323 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Hanover Advisors Inc. lessened its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,547 shares of the company’s stock after selling 323 shares during the period. Hanover Advisors Inc.’s holdings in ARK Innovation ETF were worth $599,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new stake in ARK Innovation ETF in the 4th quarter valued at $68,000. Brown Brothers Harriman & Co. bought a new position in ARK Innovation ETF during the 3rd quarter worth $76,000. Hobbs Group Advisors LLC bought a new position in ARK Innovation ETF during the 3rd quarter worth $86,000. Bank of Jackson Hole Trust bought a new position in ARK Innovation ETF during the 4th quarter worth $114,000. Finally, Global Trust Asset Management LLC increased its position in ARK Innovation ETF by 221.5% during the 4th quarter. Global Trust Asset Management LLC now owns 2,090 shares of the company’s stock worth $119,000 after buying an additional 1,440 shares during the period.

ARK Innovation ETF Price Performance

ARKK stock opened at $55.64 on Friday. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 46.93 and a beta of 1.76. The business’s fifty day moving average price is $60.64 and its two-hundred day moving average price is $53.74. ARK Innovation ETF has a fifty-two week low of $36.85 and a fifty-two week high of $68.43.

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.