ARK Innovation ETF (NYSEARCA:ARKK) Stock Holdings Lowered by Captrust Financial Advisors

Captrust Financial Advisors reduced its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 10.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,187 shares of the company’s stock after selling 3,676 shares during the quarter. Captrust Financial Advisors’ holdings in ARK Innovation ETF were worth $1,714,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in shares of ARK Innovation ETF in the 4th quarter worth approximately $54,586,000. Strategic Financial Concepts LLC bought a new stake in shares of ARK Innovation ETF in the 4th quarter worth approximately $514,000. Envestnet Asset Management Inc. raised its holdings in shares of ARK Innovation ETF by 69.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 535,428 shares of the company’s stock worth $30,396,000 after purchasing an additional 219,092 shares in the last quarter. Ascension Capital Advisors Inc. raised its holdings in shares of ARK Innovation ETF by 5.0% in the 4th quarter. Ascension Capital Advisors Inc. now owns 373,958 shares of the company’s stock worth $21,230,000 after purchasing an additional 17,764 shares in the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of ARK Innovation ETF by 8.1% during the fourth quarter. Baird Financial Group Inc. now owns 219,750 shares of the company’s stock valued at $12,475,000 after acquiring an additional 16,407 shares during the period.

ARK Innovation ETF Price Performance

ARKK stock opened at $57.41 on Wednesday. ARK Innovation ETF has a 52-week low of $36.85 and a 52-week high of $68.43. The company’s 50 day simple moving average is $48.63 and its 200-day simple moving average is $54.99. The firm has a market capitalization of $5.85 billion, a P/E ratio of 32.74 and a beta of 1.94.

About ARK Innovation ETF

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.