Titleist Asset Management LLC Reduces Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Titleist Asset Management LLC trimmed its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,826 shares of the company’s stock after selling 6,057 shares during the period. ARK Innovation ETF accounts for 0.8% of Titleist Asset Management LLC’s portfolio, making the stock its 23rd largest holding. Titleist Asset Management LLC owned 0.09% of ARK Innovation ETF worth $7,257,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ARKK. Apollon Wealth Management LLC grew its position in ARK Innovation ETF by 52.8% in the fourth quarter. Apollon Wealth Management LLC now owns 6,705 shares of the company’s stock worth $381,000 after acquiring an additional 2,316 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in ARK Innovation ETF by 22.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,984 shares of the company’s stock worth $1,021,000 after acquiring an additional 3,239 shares during the period. Caprock Group LLC purchased a new stake in ARK Innovation ETF in the fourth quarter valued at approximately $293,000. Bank of Jackson Hole Trust purchased a new position in shares of ARK Innovation ETF during the fourth quarter worth $114,000. Finally, SFG Wealth Management LLC. acquired a new position in shares of ARK Innovation ETF in the 4th quarter valued at about $224,000.

ARK Innovation ETF Price Performance

NYSEARCA:ARKK opened at $41.94 on Friday. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $68.43. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 28.92 and a beta of 1.98. The company has a 50 day moving average price of $55.95 and a 200-day moving average price of $54.80.

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.