ARK Innovation ETF $ARKK Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its holdings in ARK Innovation ETF (BATS:ARKK) by 27.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 79,501 shares of the company’s stock after selling 30,123 shares during the period. Truist Financial Corp owned 0.09% of ARK Innovation ETF worth $6,115,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ARKK. Orion Porfolio Solutions LLC boosted its holdings in shares of ARK Innovation ETF by 8,291.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,609,327 shares of the company’s stock valued at $113,120,000 after purchasing an additional 1,590,149 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of ARK Innovation ETF by 51.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,886,920 shares of the company’s stock valued at $335,441,000 after purchasing an additional 1,320,420 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of ARK Innovation ETF by 634.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 885,121 shares of the company’s stock valued at $76,386,000 after purchasing an additional 764,653 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of ARK Innovation ETF in the 3rd quarter valued at $39,269,000. Finally, Tudor Investment Corp ET AL boosted its holdings in shares of ARK Innovation ETF by 126.3% in the 3rd quarter. Tudor Investment Corp ET AL now owns 47,509 shares of the company’s stock valued at $4,100,000 after purchasing an additional 227,909 shares during the last quarter.

ARK Innovation ETF Stock Up 1.5%

Shares of ARKK opened at $79.12 on Friday. The firm has a market cap of $7.49 billion, a PE ratio of 50.14 and a beta of 1.92. The company’s fifty day moving average is $72.73 and its two-hundred day moving average is $77.01. ARK Innovation ETF has a fifty-two week low of $51.19 and a fifty-two week high of $92.65.

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 issued by ARK.