CoreCap Advisors LLC Sells 225 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

CoreCap Advisors LLC trimmed its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 16.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,106 shares of the company’s stock after selling 225 shares during the period. CoreCap Advisors LLC’s holdings in ARK Innovation ETF were worth $63,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Moors & Cabot Inc. increased its holdings in ARK Innovation ETF by 1.3% during the fourth quarter. Moors & Cabot Inc. now owns 20,650 shares of the company’s stock valued at $1,172,000 after buying an additional 263 shares during the period. Arete Wealth Advisors LLC increased its holdings in ARK Innovation ETF by 1.8% during the fourth quarter. Arete Wealth Advisors LLC now owns 17,002 shares of the company’s stock valued at $971,000 after buying an additional 297 shares during the period. Cullen Frost Bankers Inc. increased its holdings in ARK Innovation ETF by 8.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 3,956 shares of the company’s stock valued at $225,000 after buying an additional 312 shares during the period. Sandy Spring Bank increased its holdings in ARK Innovation ETF by 19.3% during the fourth quarter. Sandy Spring Bank now owns 2,231 shares of the company’s stock valued at $127,000 after buying an additional 361 shares during the period. Finally, Perigon Wealth Management LLC increased its holdings in ARK Innovation ETF by 3.6% during the fourth quarter. Perigon Wealth Management LLC now owns 11,986 shares of the company’s stock valued at $704,000 after buying an additional 421 shares during the period.

ARK Innovation ETF Stock Up 5.4%

Shares of ARKK stock opened at $57.41 on Wednesday. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 32.74 and a beta of 1.94. The company’s 50 day moving average is $48.63 and its 200 day moving average is $54.99. ARK Innovation ETF has a 52-week low of $36.85 and a 52-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.