WCG Wealth Advisors LLC Sells 2,833 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

WCG Wealth Advisors LLC trimmed its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,330 shares of the company’s stock after selling 2,833 shares during the period. WCG Wealth Advisors LLC’s holdings in ARK Innovation ETF were worth $1,154,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bellwether Advisors LLC acquired a new stake in shares of ARK Innovation ETF in the 4th quarter valued at about $29,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of ARK Innovation ETF during the fourth quarter worth about $38,000. Graney & King LLC bought a new position in shares of ARK Innovation ETF during the fourth quarter worth about $61,000. Kestra Investment Management LLC acquired a new stake in ARK Innovation ETF in the 4th quarter valued at approximately $68,000. Finally, Transce3nd LLC bought a new stake in ARK Innovation ETF in the 4th quarter valued at approximately $89,000.

ARK Innovation ETF Stock Performance

NYSEARCA ARKK opened at $56.07 on Friday. ARK Innovation ETF has a 52 week low of $36.85 and a 52 week high of $68.43. The stock’s 50 day moving average price is $49.88 and its two-hundred day moving average price is $55.46. The stock has a market capitalization of $5.71 billion, a price-to-earnings ratio of 32.74 and a beta of 1.94.

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.