New World Advisors LLC Trims Stock Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

New World Advisors LLC lessened its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,897 shares of the company’s stock after selling 1,291 shares during the period. ARK Innovation ETF comprises about 0.5% of New World Advisors LLC’s portfolio, making the stock its 7th biggest position. New World Advisors LLC’s holdings in ARK Innovation ETF were worth $1,868,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Clear Harbor Asset Management LLC grew its stake in ARK Innovation ETF by 2.3% in the third quarter. Clear Harbor Asset Management LLC now owns 12,338 shares of the company’s stock valued at $586,000 after acquiring an additional 282 shares during the period. D.A. Davidson & CO. grew its stake in ARK Innovation ETF by 3.1% in the third quarter. D.A. Davidson & CO. now owns 12,172 shares of the company’s stock valued at $579,000 after acquiring an additional 361 shares during the period. Perigon Wealth Management LLC grew its stake in ARK Innovation ETF by 3.6% in the fourth quarter. Perigon Wealth Management LLC now owns 11,986 shares of the company’s stock valued at $704,000 after acquiring an additional 421 shares during the period. Focus Financial Network Inc. grew its stake in ARK Innovation ETF by 3.3% in the fourth quarter. Focus Financial Network Inc. now owns 13,020 shares of the company’s stock valued at $739,000 after acquiring an additional 422 shares during the period. Finally, Summit Investment Advisory Services LLC grew its stake in ARK Innovation ETF by 4.1% in the fourth quarter. Summit Investment Advisory Services LLC now owns 10,731 shares of the company’s stock valued at $609,000 after acquiring an additional 424 shares during the period.

ARK Innovation ETF Price Performance

Shares of ARK Innovation ETF stock opened at $60.20 on Monday. ARK Innovation ETF has a 52 week low of $36.85 and a 52 week high of $68.43. The stock has a 50 day moving average price of $61.04 and a two-hundred day moving average price of $53.29.

ARK Innovation ETF 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.