Clearwater Capital Advisors LLC Reduces Stock Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Clearwater Capital Advisors LLC cut its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,946 shares of the company’s stock after selling 3,751 shares during the period. Clearwater Capital Advisors LLC’s holdings in ARK Innovation ETF were worth $4,141,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in ARKK. Kestra Investment Management LLC purchased a new stake in ARK Innovation ETF during the fourth quarter worth $68,000. Brown Brothers Harriman & Co. purchased a new stake in ARK Innovation ETF during the third quarter worth $76,000. Hobbs Group Advisors LLC purchased a new stake in ARK Innovation ETF during the third quarter worth $86,000. Mainstream Capital Management LLC purchased a new stake in ARK Innovation ETF during the fourth quarter worth $99,000. Finally, Bank of Jackson Hole Trust purchased a new stake in ARK Innovation ETF during the fourth quarter worth $114,000.

ARK Innovation ETF Stock Performance

Shares of NYSEARCA ARKK opened at $49.19 on Monday. The company’s fifty day moving average price is $59.00 and its 200 day moving average price is $54.32. ARK Innovation ETF has a 1 year low of $36.85 and a 1 year high of $68.43. The company has a market capitalization of $5.40 billion, a PE ratio of 41.12 and a beta of 1.89.

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.